Goldman Sachs analyst Mark Delaney reinstated coverage of ChargePoint with a Neutral rating and $10 price target. The company is well positioned for growth as a full solution provider of chargers/software/services, and as the market share leader in the U.S. AC charging space, where it should benefit from its network/early-mover position especially with existing enterprise customers. The firm warns however that the margin of improvement for ChargePoint will be somewhat limited by industry mix shift toward DC fast charging and competition.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on CHPT:
- Unusually active option classes on open March 21st
- Largest borrow rate increases among liquid names
- Buy These 2 EV Charging Stocks, Needham Says, Forecasting Over 50% Upside
- ChargePoint Stock (NYSE:CHPT): Don’t be Shocked if Your ROI Disappoints
- Guggenheim downgrades Energy Vault to Neutral on battery storage ‘distraction’