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Needham Remains a Buy on Blink Charging Co (BLNK)

In a report released today, Vikram Bagri from Needham maintained a Buy rating on Blink Charging Co (BLNKResearch Report), with a price target of $27.00. The company’s shares closed yesterday at $24.06.

Bagri covers the Industrial Goods sector, focusing on stocks such as Beam Global, SolarEdge Technologies, and Solid Power. According to TipRanks, Bagri has an average return of 3.5% and a 56.45% success rate on recommended stocks.

Blink Charging Co has an analyst consensus of Moderate Buy, with a price target consensus of $25.60, implying a 6.40% upside from current levels. In a report released today, H.C. Wainwright also maintained a Buy rating on the stock with a $50.00 price target.

See today’s best-performing stocks on TipRanks >>

BLNK market cap is currently $1.21B and has a P/E ratio of (16.16).

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BLNK in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Blink Charging Co. owns, operates, and provides electric vehicle, charging equipment, and networked EV charging services. Its products and services include Blink EV charging network, charging equipment, also known as electric vehicle supply equipment, and EV charging services. The company was founded by Michael D. Farkas and Eric Greenberg on October 3, 2006 and is headquartered in Hollywood, FL.

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