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ChargePoint (CHPT) Stock Forecast & Price Target

$1.94
-0.19 (-8.94%)
(As of 07/24/2024 ET)

ChargePoint - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 19 Wall Street analysts who have issued ratings for ChargePoint in the last 12 months, the stock has a consensus rating of "Hold." Out of the 19 analysts, 1 has given a sell rating, 12 have given a hold rating, and 6 have given a buy rating for CHPT.

Consensus Price Target

$4.88
152.42% Upside
High Forecast$17.00
Average Forecast$4.88
Low Forecast$1.50

According to the 19 analysts' twelve-month price targets for ChargePoint, the average price target is $4.88. The highest price target for CHPT is $17.00, while the lowest price target for CHPT is $1.50. The average price target represents a forecasted upside of 152.42% from the current price of $1.94.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
7 Buy rating(s)
Hold
12 Hold rating(s)
12 Hold rating(s)
13 Hold rating(s)
4 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$4.88$4.96$6.14$16.52
Forecasted Upside152.42% Upside97.54% Upside103.99% Upside57.81% Upside
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CHPT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CHPT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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ChargePoint Stock vs. The Competition

TypeChargePointAuto/Tires/Trucks CompaniesS&P 500
Consensus Rating Score
2.26
2.46
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside153.08% Upside349.31% Upside10.61% Upside
News Sentiment RatingPositive News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/28/2024Benchmark
2 of 5 stars
 Lower TargetBuy ➝ Buy$4.25 ➝ $3.00+101.34%
6/25/2024B. Riley
4 of 5 stars
R. Pfingst
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UpgradeHold
6/6/2024TD Cowen
4 of 5 stars
 Lower TargetBuy ➝ Buy$4.00 ➝ $3.00+76.47%
6/6/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$3.00 ➝ $3.00+74.42%
4/9/2024The Goldman Sachs Group
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 Reiterated RatingNeutral ➝ Sell$2.00 ➝ $1.50-18.92%
3/6/2024R. F. Lafferty
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 Lower TargetHold ➝ Hold$4.00 ➝ $3.00+54.64%
3/6/2024DA Davidson
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 Reiterated RatingBuy ➝ Buy$4.00+106.19%
3/6/2024Oppenheimer
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 Reiterated RatingMarket Perform ➝ Market Perform
3/6/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Sector Perform$3.50 ➝ $3.00+50.00%
12/8/2023Citigroup
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 Lower TargetNeutral ➝ Neutral$8.25 ➝ $2.40+6.67%
12/4/2023HSBC
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 Initiated CoverageHold$2.00-0.99%
11/28/2023UBS Group
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 DowngradeBuy ➝ Neutral$9.00 ➝ $2.25+13.07%
11/20/2023Stifel Nicolaus
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 DowngradeBuy ➝ Hold
11/20/2023Bank of America
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 DowngradeBuy ➝ Neutral
11/17/2023JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$8.00 ➝ $5.00+145.10%
11/17/2023Roth Mkm
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 DowngradeBuy ➝ Neutral$11.00 ➝ $2.00-36.00%
11/17/2023Janney Montgomery Scott
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 DowngradeBuy ➝ Neutral
9/8/2023Evercore ISI
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 Lower TargetOutperform ➝ Outperform$20.00 ➝ $17.00+170.49%
9/7/2023Fox Advisors
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 DowngradeOverweight ➝ Equal Weight
5/2/2023Guggenheim
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 Initiated CoverageNeutral
12/22/2022Piper Sandler
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 Lower TargetNeutral$16.00 ➝ $13.00+35.84%
11/28/2022Cowen
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 Lower Target$20.00+74.83%
9/7/2022Credit Suisse Group
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 Initiated CoverageOutperform$22.00+49.15%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 09:41 PM ET.

CHPT Forecast - Frequently Asked Questions

What is ChargePoint's forecast for 2024?

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for ChargePoint is $4.88, with a high forecast of $17.00 and a low forecast of $1.50.

Should I buy or sell ChargePoint stock right now?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ChargePoint in the last year. There is currently 1 sell rating, 12 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CHPT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CHPT, but not buy additional shares or sell existing shares.

Does ChargePoint's stock price have much upside?

According to analysts, ChargePoint's stock has a predicted upside of 95.60% based on their 12-month stock forecasts.

Has ChargePoint been upgraded by Wall Street analysts recently?

Over the previous 90 days, ChargePoint's stock had 1 upgrade by analysts.

What analysts cover ChargePoint?

ChargePoint has been rated by research analysts at B. Riley, Benchmark, Needham & Company LLC, and TD Cowen in the past 90 days.

Do Wall Street analysts like ChargePoint more than its competitors?

Analysts like ChargePoint less than other "auto/tires/trucks" companies. The consensus rating score for ChargePoint is 2.26 while the average consensus rating score for "auto/tires/trucks" companies is 2.46. Learn more on how CHPT compares to other companies.


This page (NYSE:CHPT) was last updated on 7/24/2024 by MarketBeat.com Staff

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