Analysts rate ChargePoint Holdings Inc. (CHPT:NYE) with a Strong Buy rating and a $19 target

STA Research
by: STA Research
ChargePoint stock price

Based on the ChargePoint stock forecast from 13 analysts, the average analyst ChargePoint stock price target is USD 19.40 over the next 12 months. ChargePoint Holdings Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of ChargePoint stock forecast is Bearish, which is based on 1 positive signal and 5 negative signals. At the last closing, ChargePoint stock price was USD 18.18ChargePoint stock price has changed by +2.10% over the past week, -0.69% over the past month and -11.79% over the last year.

The ChargePoint stock forecast from 5 Crowd analysts, has the average analyst ChargePoint stock price target at USD 28.60 over the next 12 months. ChargePoint Holdings Inc’s average Crowd rating is Strong Buy.

 

About ChargePoint Holdings Inc. (CHPT:NYE):

ChargePoint Holdings, Inc. provides electric vehicle (EV) charging networks and charging solutions in the United States and internationally. It offers a portfolio of hardware, software, and services for commercial, fleet, and residential customers. The company was founded in 2007 and is headquartered in Campbell, California.

 

Most Recent Analyst Ratings for CHPT’s stock price:

 

 

What we like:

Low volatility:

The stock’s annual returns have been stable and consistent compared to its sector peers (for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

 

What we don’t like:

Poor risk adjusted returns:

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns, the returns are unpredictable. Proceed with caution.

Below median dividend returns:

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced compared to book value:

ChargePoint stock price is trading high compared to its peers median on a price to book value basis.

Negative cashflow:

ChargePoint stock forecast shows that the company had negative total cash flow in the most recent four quarters.

Negative free cash flow:

ChargePoint stock forecast shows that the company had negative total free cash flow in the most recent four quarters.

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