Stifel Slashes Blink Charging Price Target By 23%

  • 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.
Posted In: BriefsAnalyst ColorNewsPrice TargetReiterationSmall CapAnalyst RatingsMoversTrading Ideas