ChargePoint Stock Has 50% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]
ChargePoint Holdings, Inc. (CHPT)
Company Research
Source: Yahoo! Finance
ChargePoint disappointed the market yet again with its just-released fourth-quarter numbers, compelling several analysts to dial down their expectations. Yet, some still see a huge upside in the stock. RBC Capital analyst Chris Dendrinos is one of them. While the analyst cut ChargePoint stock's price target to $3 per share from $3.50 on March 6 because of macroeconomic challenges, that still represents a solid 50% upside from the stock's previous day's closing price. Does a potential 50% upside mean ChargePoint stock is a no-brainer buy now? Key ChargePoint numbers you must know ChargePoint's fourth-quarter revenue fell 24% to $116 million, gross margin dropped to 19% from 22%, and GAAP net loss widened 20% to $95 million, all year over year. For the first quarter, ChargePoint projects a 19% year-over-year drop in revenue at the midpoint of its guidance range of $100 million to $110 million. That doesn't sound encouraging, so why is Dendrinos still bullish about ChargePoin
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CHPT
News
- ChargePoint Holdings, Inc. (CHPT) Rises Yet Lags Behind Market: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
- Down 97%, Is ChargePoint Stock a Buy? [Yahoo! Finance]Yahoo! Finance
- How do you get reimbursed for recharging the company electric car at home? [Verge, The]Verge, The
- ChargePoint Releases an Enhanced Integrated Charging Experience for Fleets En-Route and At Home [Yahoo! Finance]Yahoo! Finance
- ChargePoint Releases an Enhanced Integrated Charging Experience for Fleets En-Route and At HomeBusiness Wire
CHPT
Earnings
- 3/5/24 - Miss
CHPT
Sec Filings
- 4/1/24 - Form S-8
- 4/1/24 - Form 10-K
- 3/29/24 - Form 4
- CHPT's page on the SEC website