Chargepoint Holdings Inc. (CHPT) June weekly 1.5 straddle priced into quarter results

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RBC Capital Reiterates Sector Perform Rating on ChargePoint Holdings Inc. (CHPT)

June 6, 2024 6:11 AM EDT

RBC Capital analyst Chris Dendrinos reiterated a Sector Perform rating and $3.00 price target on ChargePoint Holdings Inc. (NYSE: CHPT).

The analyst comments "Adj EBITDA topped expectations on lower opex spending, however increasing inventory levels and the cash burn are focal points. CHPT... More

Evercore ISI Reiterates Outperform Rating on ChargePoint Holdings Inc. (CHPT)

June 6, 2024 5:54 AM EDT

Evercore ISI analyst James West reiterated an Outperform rating and $6.00 price target on ChargePoint Holdings Inc. (NYSE: CHPT)

The analyst comments "Continued Signs of its Strategy Taking Hold; Remain Focused on Generating Positive Adjusted EBITDA by the End of Calendar 2024. CEO Rick Wilmer has clearly defined CHPTs go forward strategy: 1) focus on operational excellence and execution, 2) deliver world class driver experiences given its growing scale, 3) double down on software development for all use cases, and 4) evolve its hardware strategy through its expanding manufacturing relationships. In software, the... More