Analysts Set ChargePoint Holdings, Inc. (NYSE:CHPT) Price Target at $27.88

Key Points

• ChargePoint Holdings, Inc. has received a consensus recommendation of "Hold" from eleven brokerages, with two sell ratings, seven hold ratings, one buy, and one strong buy recommendation.
• The company reported a Q1 earnings per share (EPS) of ($2.00), significantly missing the consensus estimate of ($1.00), and had a negative net margin of 65.79%.
• ChargePoint's average 12-month price target from analysts is $27.8750, with shares currently trading around $11.7970.

Shares of ChargePoint Holdings, Inc. (NYSE:CHPT - Get Free Report) have received an average recommendation of "Hold" from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $27.8750.

A number of analysts recently commented on the company. TD Cowen raised ChargePoint to a "hold" rating in a research note on Monday, July 7th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $20.00 price target on shares of ChargePoint in a research note on Thursday, June 5th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of ChargePoint in a research note on Thursday, June 5th.

ChargePoint Price Performance

CHPT traded down $0.29 on Monday, reaching $11.32. The company had a trading volume of 446,764 shares, compared to its average volume of 543,741. The business has a 50 day simple moving average of $12.19 and a 200 day simple moving average of $13.04. The company has a market cap of $259.34 million, a price-to-earnings ratio of -0.94 and a beta of 2.23. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.12 and a current ratio of 1.82. ChargePoint has a 52-week low of $8.55 and a 52-week high of $39.20.

ChargePoint (NYSE:CHPT - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported ($2.00) EPS for the quarter, missing analysts' consensus estimates of ($1.00) by ($1.00). The business had revenue of $97.64 million for the quarter, compared to the consensus estimate of $100.43 million. ChargePoint had a negative net margin of 65.79% and a negative return on equity of 131.65%. During the same quarter in the previous year, the business earned ($2.20) earnings per share. ChargePoint has set its Q2 2026 guidance at EPS. As a group, sell-side analysts anticipate that ChargePoint will post -0.57 EPS for the current year.

Institutional Trading of ChargePoint

A number of hedge funds have recently modified their holdings of CHPT. Toronto Dominion Bank purchased a new position in shares of ChargePoint in the 4th quarter worth about $8,746,000. Millennium Management LLC increased its position in shares of ChargePoint by 13,605.0% during the 4th quarter. Millennium Management LLC now owns 2,857,349 shares of the company's stock valued at $3,057,000 after purchasing an additional 2,836,500 shares during the last quarter. AQR Capital Management LLC increased its position in shares of ChargePoint by 6,429.1% during the 1st quarter. AQR Capital Management LLC now owns 2,679,217 shares of the company's stock valued at $1,553,000 after purchasing an additional 2,638,182 shares during the last quarter. GMT Capital Corp purchased a new stake in shares of ChargePoint during the 1st quarter valued at about $1,226,000. Finally, Goldman Sachs Group Inc. increased its position in shares of ChargePoint by 61.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,790,823 shares of the company's stock valued at $2,293,000 after purchasing an additional 1,448,114 shares during the last quarter. Institutional investors own 37.77% of the company's stock.

About ChargePoint

ChargePoint Holdings, Inc, together with its subsidiaries, provides electric vehicle (EV) charging networks and charging solutions in the North America and Europe. The company serves commercial, such as retail, workplace, hospitality, parking, recreation, municipal, education, and highway fast charge; fleet, which include delivery, take home, logistics, motor pool, transit, and shared mobility; and residential including single family homes and multi-family apartments and condominiums customers.