ChargePoint (CHPT) Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ChargePoint in the last year. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CHPT shares.
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13 brokerages have issued 1-year price objectives for ChargePoint's shares. Their CHPT share price forecasts range from $10.00 to $28.00. On average, they expect the company's stock price to reach $17.08 in the next twelve months. This suggests a possible upside of 75.0% from the stock's current price.
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ChargePoint's stock was trading at $9.53 on January 1st, 2023. Since then, CHPT stock has increased by 2.4% and is now trading at $9.76.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 28th 2023.
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ChargePoint Holdings, Inc. (NYSE:CHPT) released its earnings results on Tuesday, December, 7th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by $0.01. The company had revenue of $65.03 million for the quarter, compared to the consensus estimate of $63.26 million. ChargePoint had a negative net margin of 73.59% and a negative trailing twelve-month return on equity of 82.84%. The firm's revenue was up 188.2% compared to the same quarter last year.

ETFs with the largest weight of ChargePoint (NYSE:CHPT) stock in their portfolio include Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV), ALPS Clean Energy ETF (ACES), SPDR S&P Kensho Intelligent Structures ETF (SIMS), iShares Self-Driving EV and Tech ETF (IDRV), Fidelity Electric Vehicles and Future Transportation ETF (FDRV), Invesco WilderHill Clean Energy ETF (PBW), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) and KraneShares Electric Vehicles and Future Mobility Index ETF (KARS).

ChargePoint trades on the New York Stock Exchange (NYSE) under the ticker symbol "CHPT."

ChargePoint's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.79%), State Street Corp (1.16%), Geode Capital Management LLC (1.04%), Charles Schwab Investment Management Inc. (0.63%), First Trust Advisors LP (0.59%) and Handelsbanken Fonder AB (0.57%). Insiders that own company stock include Bruce R Chizen, Christopher Burghardt, Colleen Jansen, Eric Sidle, Glazer Capital, Llc, Henrik Gerdes, Lawrence Lee, Michael D Hughes, Michael Linse, Neil S Suslak, Pasquale Romano, Q-Grg Vii (Cp) Investment Part, Rebecca Chavez, Rex S Jackson, Richard Wilmer, Tony Sanchez and William J Loewenthal.
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Shares of CHPT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CHPT stock can currently be purchased for approximately $9.76.

ChargePoint (NYSE:CHPT) has a market capitalization of $3.42 billion and generates $468.09 million in revenue each year. The company earns $-345,110,000.00 in net income (profit) each year or ($1.03) on an earnings per share basis.

The company employs 1,650 workers across the globe.

ChargePoint's mailing address is 5949 SHERRY LANE SUITE 1010, DALLAS TX, 75225. The official website for the company is www.chargepoint.com. The company can be reached via phone at 408-841-4500 or via email at investors@chargepoint.com.