ChargePoint Holdings Inc. (CHPT:NYE) Analysts bullish with a Strong Buy, $21 target

STA Research
by: STA Research
ChargePoint Holdings Inc.

Based on the ChargePoint stock forecast from 13 analysts, the average analyst CHPT price target is USD 20.78 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 signals and 6 negative signals. At the last closing, CHPT stock price was USD 18.10CHPT stock price has changed by +2.37% over the past week, +6.53% over the past month and -17.20% over the last year.

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.

What we like:

Low volatility:

The CHPT earnings have been stable and consistent annually as 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:

Low market capitalization:

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Poor risk adjusted returns:

CHPT stock forecast shows that the 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:

ChargePoint stock forecast shows that 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:

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

Negative cashflow:

CHPT 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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