ChargePoint (CHPT) Stock Forecast & Price Target

$2.19

+0.16 (+7.88%)

(As of 07/26/2024 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

Hold
Based on 19 Analyst Ratings

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
123.03% 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 123.03% from the current price of $2.19.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
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	$5.46	$16.52
Forecasted Upside	123.03% Upside	96.29% Upside	93.97% Upside	57.81% 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.

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.

ChargePoint Stock vs. The Competition

Type	ChargePoint	Auto/Tires/Trucks Companies	S&P 500
Consensus Rating Score	2.26	2.47	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	123.03% Upside	343.72% Upside	9.16% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
6/28/2024	Benchmark 2 of 5 stars		Lower Target	Buy ➝ Buy	$4.25 ➝ $3.00	+101.34%
6/25/2024	B. Riley 4 of 5 stars	R. Pfingst Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
6/6/2024	TD Cowen 4 of 5 stars		Lower Target	Buy ➝ Buy	$4.00 ➝ $3.00	+76.47%
6/6/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$3.00 ➝ $3.00	+74.42%
4/9/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Sell	$2.00 ➝ $1.50	-18.92%
3/6/2024	R. F. Lafferty Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$4.00 ➝ $3.00	+54.64%
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3/6/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$4.00	+106.19%
3/6/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
3/6/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Sector Perform	$3.50 ➝ $3.00	+50.00%
12/8/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$8.25 ➝ $2.40	+6.67%
12/4/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$2.00	-0.99%
11/28/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$9.00 ➝ $2.25	+13.07%
11/20/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
11/20/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
11/17/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$8.00 ➝ $5.00	+145.10%
11/17/2023	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$11.00 ➝ $2.00	-36.00%
11/17/2023	Janney Montgomery Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
9/8/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$20.00 ➝ $17.00	+170.49%
9/7/2023	Fox Advisors Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight
5/2/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral
12/22/2022	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$16.00 ➝ $13.00	+35.84%
11/28/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$20.00	+74.83%
9/7/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$22.00	+49.15%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:17 AM 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 research 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 research 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 2.47. Learn more on how CHPT compares to other companies.