ChargePoint price target lowered to $10.80 from $13 at Citi

Citi analyst Itay Michaeli lowered the firm’s price target on ChargePoint to $10.80 from $13 and keeps a Neutral rating on the shares after updating its model to reflect recent fiscal Q1 results and flowing through Q2 revenue guidance that was below the firm’s estimate to future periods, including taking a more conservative long-term view.