ChargePoint (CHPT) Stock Forecast & Price Target

$1.14 -0.10 (-8.03%)

(As of 11/26/2024 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 17 Analyst Ratings

Sell
2

Hold
11

Buy
4

Based on 17 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 17 analysts, 2 have given a sell rating, 11 have given a hold rating, 3 have given a buy rating, and 1 has given a strong buy rating for CHPT.

Consensus Price Target

$2.47
115.99% Upside

According to the 17 analysts' twelve-month price targets for ChargePoint, the average price target is $2.47. The highest price target for CHPT is $4.00, while the lowest price target for CHPT is $1.25. The average price target represents a forecasted upside of 115.99% from the current price of $1.15.

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CHPT Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	4 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)
Hold	11 Hold rating(s)	13 Hold rating(s)	12 Hold rating(s)	11 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$2.47	$2.65	$4.88	$10.16
Forecasted Upside	115.99% Upside	108.94% Upside	174.40% Upside	410.64% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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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	2.18	2.49	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	115.05% Upside	272.86% Upside	6.81% Upside
News Sentiment Rating	Neutral News See Recent CHPT News	Positive 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
11/20/2024	Benchmark 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$3.00 ➝ $3.00	+166.67%
11/19/2024	Needham & Company LLC 3 of 5 stars	C. Pierce Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
10/30/2024	Stifel Nicolaus 4 of 5 stars		Lower Target	Hold ➝ Hold	$3.00 ➝ $2.00	+56.86%
10/15/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$1.80 ➝ $1.50	+13.63%
10/3/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Underweight
9/17/2024	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Becker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
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9/6/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sell ➝ Sell	$1.50 ➝ $1.25	-7.87%
9/5/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$3.00 ➝ $2.50	+74.82%
9/5/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Rosner Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
9/5/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Daoud Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$3.00 ➝ $2.00	+41.85%
9/5/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$6.00 ➝ $4.00	+137.39%
6/25/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Pfingst Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
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%
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
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%
11/20/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
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
9/7/2023	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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 09:24 PM ET.

CHPT Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for ChargePoint is $2.47, with a high forecast of $4.00 and a low forecast of $1.25.
: 17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ChargePoint in the last twelve months. There are currently 2 sell ratings, 11 hold ratings, 3 buy ratings and 1 strong buy rating 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.
: According to analysts, ChargePoint's stock has a predicted upside of 115.99% based on their 12-month stock forecasts.
: Over the previous 90 days, ChargePoint's stock had 3 downgrades and 1 upgrade by analysts.
: ChargePoint has been rated by research analysts at Benchmark, Capital One Financial, Evercore ISI, JPMorgan Chase & Co., Needham & Company LLC, Royal Bank of Canada, Stifel Nicolaus, TD Cowen, The Goldman Sachs Group, UBS Group, and Wolfe Research in the past 90 days.
: Analysts like ChargePoint less than other "auto/tires/trucks" companies. The consensus rating score for ChargePoint is 2.18 while the average consensus rating score for "auto/tires/trucks" companies is 2.49. Learn more on how CHPT compares to other companies.

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This page (NYSE:CHPT) was last updated on 11/26/2024 by MarketBeat.com Staff

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ChargePoint (CHPT) Stock Forecast & Price Target