In a report released today, Stephen Gengaro from Stifel Nicolaus maintained a Hold rating on ChargePoint Holdings (CHPT – Research Report), with a price target of $3.00. The company’s shares closed yesterday at $2.00.
Gengaro covers the Energy sector, focusing on stocks such as Core Laboratories, DMC Global, and Baker Hughes Company. According to TipRanks, Gengaro has an average return of 1.6% and a 36.89% success rate on recommended stocks.
Currently, the analyst consensus on ChargePoint Holdings is a Moderate Buy with an average price target of $3.30, which is a 65.00% upside from current levels. In a report released today, R.F. Lafferty also maintained a Hold rating on the stock with a $3.00 price target.
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The company has a one-year high of $10.75 and a one-year low of $1.56. Currently, ChargePoint Holdings has an average volume of 16.19M.
Based on the recent corporate insider activity of 83 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 CHPT in relation to earlier this year. Most recently, in January 2024, Roxanne Bowman, a Director at CHPT bought 348,810.00 shares for a total of $265,095.60.
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ChargePoint Holdings (CHPT) Company Description:
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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