![]() ![]() That’s already above its daily average trading volume of about 9.8 million shares.ĬHPT stock is down 2.2% as of Friday morning. That has some 13 million shares on the move as of this writing. ![]() To go along with that, CHPT stock is seeing heavy trading today. ![]() Both of these figures are below Wall Street’s estimates of -19 cents per share alongside revenue of $165 million. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. ChargePoint reported adjusted EPS of -23 cents on revenue of $152.8 million. Stock prices used were the afternoon prices of June 1, 2023. In the report, things didn’t go as investors may have hoped. This bullish stance on CHPT stokc comes after the company’s latest earnings report. “We expect 1QF24 revenue guidance to have a short-term negative impact on the stock, but we view the guidance as more of a one time communication issue vs a company momentum issue, and note that it didn’t materially impact our long-term estimates.” Why This CHPT Stock Price Target Matters Needham analyst Chris Pierce said the following about CHPT stock in a note to clients obtained by StreetInsider: However, the price target is still below analysts’ consensus price target of $20.25. That represents a potential 24.3% upside from the closing price on Thursday. Having reported sales of 146.5 million in its fiscal 2021, which ended Jan. Needham is behind this news with the company reiterating its “buy” rating for CHPT stock alongside a price target of $14 per share. shares will rise by 3.31 and reach 9.38 per share by June 10, 2023. The successful prediction of CHARGEPOINT HOLDINGSs future price could yield a significant profit. ChargePoint (NYSE: CHPT) stock is a hot topic among traders on Friday after a new price prediction paints a positive picture of the shares. According to our current CHPT stock forecast, the value of ChargePoint Holdings, Inc. CHARGEPOINT HOLDINGS INC stock price prediction is an act of determining the future value of CHARGEPOINT HOLDINGS shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. ![]()
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