Chargepoint Holdings Inc. (CHPT) Reports In-Line Q4 EPS, provides guidance
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Chargepoint Holdings Inc. (CHPT) falls following revenue miss
March 6, 2024 1:10 PM ESTChargepoint Holdings Inc. (NYSE: CHPT), a leading electric vehicle (EV) charging network, reported fourth-quarter earnings that met analysts' expectations but saw its shares tumble 3.75% due to a revenue shortfall. The company recorded a non-GAAP EPS of -$0.23, aligning with the consensus estimate. However, revenue for the quarter was $115.8 million, falling short of the anticipated $118.55 million.
In comparison to the same quarter last year, ChargePoint's revenue decreased by 24%, with networked charging systems revenue experiencing a 39% drop. Despite these declines, subscription revenue... More
Oppenheimer on ChargePoint Holdings Inc. (CHPT): 'want to see a return to revenue growth before getting constructive on shares'
March 6, 2024 6:43 AM ESTOppenheimer analyst Colin Rusch reiterated a Perform rating and $2.00 price target on ChargePoint Holdings Inc. (NYSE: CHPT).
The analyst comments "With CHPT working to finish its reorganization, we are encouraged to see incremental cost management, narrower product/service offerings, and more modest growth... More
ChargePoint Holdings Inc. (CHPT) PT Lowered to $3 at Needham, 'Demand Downturn Persists'
March 6, 2024 6:41 AM ESTNeedham analyst Chris Pierce lowered the price target on ChargePoint Holdings Inc. (NYSE: CHPT) to $3.00 (from $4.00) while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating but lower our price target to $3 post Q4F24 results and company commentary. Weak... More
