ChargePoint (CHPT) Stock: $24 Price Target From Capital One

By Amit Chowdhry ● Nov 28, 2021
  • The shares of ChargePoint Holdings Inc (NYSE: CHPT) have received a $24 price target from Capital One. These are the details.

The shares of ChargePoint Holdings Inc (NYSE: CHPT) have received a $24 price target from Capital One. And Capital One analyst Richard Tullis initiated coverage of ChargePoint with an “Equal Weight” rating.

Tullis noted that ChargePoint is a leading hardware and software provider of EV charging stations with over 100,000 ports shipped since 2017 and 47,000 public ports subscribed to its network. And while revenue has grown at a 25% compound annual growth rate since 2018, the company’s high operating expenses have been weighing on the margins, resulting in an operating loss that will improve but persist until 2024 according to Tullis.

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