EVgo (EVGO) Stock Forecast & Price Target

$4.36 +0.08 (+1.87%)

(As of 12/20/2024 05:45 PM ET)

EVgo - Analysts' Recommendations and Stock Price Forecast (2025)

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

Buy

Based on 12 Analyst Ratings

Sell
0

Hold
2

Buy
10

Based on 12 Wall Street analysts who have issued ratings for EVgo in the last 12 months, the stock has a consensus rating of "Buy." Out of the 12 analysts, 2 have given a hold rating, 8 have given a buy rating, and 2 have given a strong buy rating for EVGO.

Consensus Price Target

$6.61
51.63% Upside

According to the 12 analysts' twelve-month price targets for EVgo, the average price target is $6.61. The highest price target for EVGO is $10.00, while the lowest price target for EVGO is $2.00. The average price target represents a forecasted upside of 51.63% from the current price of $4.36.

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EVGO Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	5 Buy rating(s)	3 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$6.61	$6.61	$4.63	$6.61
Forecasted Upside	51.63% Upside	4.20% Upside	10.12% Upside	87.82% Upside
Consensus Rating	Buy	Buy	Moderate Buy	Hold

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EVGO 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.

EVGO 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.

EVgo Stock vs. The Competition

Type	EVgo	Auto/Tires/Trucks Companies	S&P 500
Consensus Rating Score	3.00	2.50	2.51
Consensus Rating	Buy	Hold	Moderate Buy
Predicted Upside	51.63% Upside	574.72% Upside	14.54% Upside
News Sentiment Rating	Neutral News See Recent EVGO 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
12/20/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$8.00 ➝ $7.00	+60.92%
11/13/2024	Needham & Company LLC 2 of 5 stars		Reiterated Rating	Hold
10/30/2024	Stifel Nicolaus 4 of 5 stars		Boost Target	Buy ➝ Buy	$6.00 ➝ $10.00	+19.47%
10/22/2024	Marathon Capitl Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Kania Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
10/10/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Grippin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$4.00 ➝ $8.50	+20.40%
10/9/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$4.00 ➝ $8.00	+12.20%
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10/3/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Daoud Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$5.00 ➝ $7.00	+11.82%
9/30/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Sheppard Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$5.00 ➝ $5.00	+16.55%
9/16/2024	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
7/12/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Legg Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$3.00 ➝ $5.00	+48.37%
5/13/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$8.00 ➝ $7.00	+258.97%
5/9/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$3.00 ➝ $2.00	+7.03%
5/24/2023	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$9.00 ➝ $7.00	+79.95%
5/19/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$7.00 ➝ $1.00	-75.96%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:53 PM ET.

EVGO Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for EVgo is $6.61, with a high forecast of $10.00 and a low forecast of $2.00.
: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EVgo in the last twelve months. There are currently 2 hold ratings, 8 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" EVGO shares.
: According to analysts, EVgo's stock has a predicted upside of 51.63% based on their 12-month stock forecasts.
: Over the previous 90 days, EVgo's stock had 4 upgrades by analysts.
: EVgo has been rated by research analysts at Cantor Fitzgerald, JPMorgan Chase & Co., Marathon Capitl, Needham & Company LLC, Royal Bank of Canada, Stifel Nicolaus, TD Cowen, and UBS Group in the past 90 days.
: Analysts like EVgo more than other "auto/tires/trucks" companies. The consensus rating for EVgo is Buy while the average consensus rating for "auto/tires/trucks" companies is Hold. Learn more on how EVGO compares to other companies.

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This page (NYSE:EVGO) was last updated on 12/21/2024 by MarketBeat.com Staff

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EVgo (EVGO) Stock Forecast & Price Target