Chargepoint Holdings Inc. (NYSE:CHPT) Given Consensus Recommendation of “Buy” by Analysts

Chargepoint Holdings Inc. (NYSE:CHPT) has earned a consensus rating of “Buy” from the six research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $36.80.

A number of research analysts have recently weighed in on the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on Chargepoint in a research report on Wednesday, March 31st. They issued a “neutral” rating and a $28.00 price target for the company. Citigroup assumed coverage on Chargepoint in a research report on Thursday, March 25th. They issued a “neutral” rating and a $28.00 price target for the company. Roth Capital assumed coverage on Chargepoint in a research report on Friday, February 5th. They issued a “buy” rating and a $46.00 price target for the company. Cowen began coverage on Chargepoint in a research report on Monday, March 15th. They issued an “outperform” rating and a $43.00 price target for the company. Finally, Oppenheimer began coverage on Chargepoint in a research report on Monday, March 8th. They set an “outperform” rating and a $39.00 price objective for the company.

A number of large investors have recently modified their holdings of CHPT. Ratan Capital Management LP acquired a new stake in Chargepoint in the 3rd quarter worth about $3,284,000. DekaBank Deutsche Girozentrale acquired a new stake in Chargepoint in the 4th quarter worth about $6,697,000. Hodges Capital Management Inc. acquired a new stake in Chargepoint in the 4th quarter worth about $4,521,000. Caas Capital Management LP acquired a new stake in Chargepoint in the 4th quarter worth about $2,881,000. Finally, West Oak Capital LLC acquired a new stake in Chargepoint in the 1st quarter worth about $1,789,000.

Shares of CHPT stock traded up $0.47 during mid-day trading on Thursday, reaching $23.89. The stock had a trading volume of 7,259,587 shares, compared to its average volume of 5,036,917. Chargepoint has a 12-month low of $9.70 and a 12-month high of $49.48. The business has a 50-day simple moving average of $25.42 and a 200 day simple moving average of $31.60.

About Chargepoint

ChargePoint Holdings, Inc provides electric vehicle (EV) charging networks and charging solutions in the United States. 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.

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Analyst Recommendations for Chargepoint (NYSE:CHPT)

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