
ChargePoint Holdings (CHPT) Stock Forecast & Price Target
ChargePoint Holdings (CHPT) Analyst Ratings
Bulls say
ChargePoint Holdings Inc. reported Q3 revenue of $105.7 million, reflecting a 6% year-over-year increase, marking the first revenue growth since Q2 2024. This growth was primarily attributed to increased residential product sales, driven by the urgency of purchasing in response to the federal EV tax credit expiration. Additionally, the company's balance sheet was strengthened through a significant debt exchange, reducing total outstanding debt by over 50%, positioning ChargePoint well to capitalize on anticipated EV demand growth moving forward.
Bears say
ChargePoint Holdings Inc faces a challenging outlook due to a stagnant hardware gross margin of approximately 8%, indicating limited profitability in its product lines. While the company experienced growth in networked charging system and subscription revenue, the decline in other revenue and the potential for supply chain disruptions raise concerns about future performance and operational stability. Furthermore, ongoing cash consumption and reliance on third-party partnerships and capital access create additional risks that could adversely affect the company's ability to sustain growth and maintain competitiveness in the evolving electric vehicle market.
This aggregate rating is based on analysts' research of ChargePoint Holdings and is not a guaranteed prediction by Public.com or investment advice.
ChargePoint Holdings (CHPT) Analyst Forecast & Price Prediction
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