Stifel Slashes Blink Charging Price Target By 23%

March 15, 2022 9:29 AM | 1 min read | Make a Comment

EV charging equipment and services provider Blink Charging Co's BLNK price target has been lowered to $30 (an upside of 41.6%) from $39 by Stifel analyst Stephen Gengaro.
The analyst maintained his Hold rating on BLNK's shares.
Related: Blink Charging's Q4 Results
Gengaro increased his 2022-23 revenue estimates while reducing his EBITDA prediction.
He also expects Blink to report negative EBITDA and free cash flow in the near term.
Price Action: BLNK shares are trading lower by 2.55% at $20.65 during the premarket session on Tuesday.