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RBC Capital Lowers Its Price Target for ChargePoint Holdings, Inc. (CHPT) to $10, Keeps Sector Perform Rating
Yahoo Financeยท 2025-10-01 23:20
Core Viewpoint - ChargePoint Holdings, Inc. (NYSE:CHPT) is facing challenges with declining demand trends and increased costs, leading to a significant reduction in price targets by analysts [2][4]. Group 1: Analyst Ratings and Price Targets - RBC Capital has lowered its price target for ChargePoint from $20 to $10 while maintaining a Sector Perform rating [2]. - JPMorgan has also reduced its target to $8, citing delays in profitability [4]. - Oppenheimer and Needham have kept their neutral positions, recognizing improvements in margin and liquidity but highlighting weaker short-term demand [4]. Group 2: Financial Performance - ChargePoint reported earnings per share of -$2.85 in Q2 2025, which was significantly below estimates, despite revenue of $99 million slightly exceeding projections [4]. - The company has eliminated its earlier forecast for positive adjusted EBITDA this year, indicating ongoing difficulties [3]. Group 3: Market Position and Potential - ChargePoint is recognized as one of the most promising green stocks, supported by hedge fund interest and analyst-rated potential [1][5]. - The company provides electric vehicle charging networks and solutions across North America and Europe for various clients, including commercial and residential [5].