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Needham Thinks ChargePoint Holdings’ Stock is Going to Recover

In a report released today, Vikram Bagri from Needham maintained a Buy rating on ChargePoint Holdings (CHPTResearch Report), with a price target of $24.00. The company’s shares closed last Tuesday at $12.79, close to its 52-week low of $8.50.

According to TipRanks.com, Bagri is ranked #7620 out of 7943 analysts.

Currently, the analyst consensus on ChargePoint Holdings is a Strong Buy with an average price target of $23.83, a 73.4% upside from current levels. In a report issued on May 26, J.P. Morgan also maintained a Buy rating on the stock with a $18.00 price target.

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ChargePoint Holdings’ market cap is currently $4.3B and has a P/E ratio of -8.12.

Based on the recent corporate insider activity of 133 insiders, corporate insider sentiment is neutral on the stock.

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ChargePoint Holdings (NYSE:CHPT) is an EV (electric vehicle) infrastructure company that develops and markets EV charging systems. It provides networked charging systems and cloud-based software and services to residential and commercial customers and fleet operators.

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