In a report released today, Matt Summerville from D.A. Davidson maintained a Hold rating on Blink Charging Co (BLNK – Research Report), with a price target of $5.00. The company’s shares closed yesterday at $2.72.
According to TipRanks, Summerville is a 4-star analyst with an average return of 7.3% and a 54.46% success rate. Summerville covers the Industrials sector, focusing on stocks such as Crane NXT, Ametek, and Barnes Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Blink Charging Co with a $7.83 average price target, representing a 188.40% upside. In a report released on March 15, TD Cowen also assigned a Hold rating to the stock with a $4.00 price target.
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BLNK market cap is currently $183M and has a P/E ratio of -0.86.
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Blink Charging Co (BLNK) Company Description:
Blink Charging Co. owns, operates, and provides electric vehicle, charging equipment, and networked EV charging services. Its products and services include Blink EV charging network, charging equipment, also known as electric vehicle supply equipment, and EV charging services. The company was founded by Michael D. Farkas and Eric Greenberg on October 3, 2006 and is headquartered in Hollywood, FL.
Read More on BLNK:
- Blink Charging Faces SEC Inquiry: A Probe into Transactions and Disclosures Shakes EV Industry
- Blink Charging price target lowered to $15 from $25 at H.C. Wainwright
- Blink Charging price target lowered to $12 from $25 at Roth MKM
- BLNK Earnings: Blink Charging Stock Drops on Mixed Q4 Results
- Blink Charging sees FY24 revenue $165M-$175M, consensus $171.2M
