In the last three months, 8 analysts have published ratings on ChargePoint Hldgs CHPT, offering a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 0 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 3 | 0 | 2 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $3.31, a high estimate of $4.25, and a low estimate of $2.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 5.43%.
Decoding Analyst Ratings: A Detailed Look
An in-depth analysis of recent analyst actions unveils how financial experts perceive ChargePoint Hldgs. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Chris Pierce | Needham | Maintains | Buy | $3.00 | - |
| Jaime Perez | RF Lafferty | Lowers | Hold | $3.00 | $4.00 |
| Michael Legg | Benchmark | Maintains | Buy | $4.25 | - |
| Matt Summerville | DA Davidson | Announces | Buy | $4.00 | - |
| Chris Dendrinos | RBC Capital | Lowers | Sector Perform | $3.00 | $3.50 |
| Chris Pierce | Needham | Lowers | Buy | $3.00 | $4.00 |
| Michael Legg | Benchmark | Announces | Buy | $4.25 | - |
| Mark Delaney | Goldman Sachs | Lowers | Neutral | $2.00 | $2.50 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to ChargePoint Hldgs. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of ChargePoint Hldgs compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for ChargePoint Hldgs's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Capture valuable insights into ChargePoint Hldgs's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on ChargePoint Hldgs analyst ratings.
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About ChargePoint Hldgs
ChargePoint designs, develops, and markets networked electric vehicle charging system infrastructure and cloud-based services that enable consumers to locate, reserve, and authenticate EV charging. The company's hardware product lineup includes solutions across home, commercial, and fast-charging applications. ChargePoint derives the majority of its revenue from the United States.
ChargePoint Hldgs: A Financial Overview
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Challenges: ChargePoint Hldgs's revenue growth over 3 months faced difficulties. As of 31 January, 2024, the company experienced a decline of approximately -24.21%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: ChargePoint Hldgs's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -81.8%, the company may face hurdles in effective cost management.
Return on Equity (ROE): ChargePoint Hldgs's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -26.31%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): ChargePoint Hldgs's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -8.27%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.92, caution is advised due to increased financial risk.
The Core of Analyst Ratings: What Every Investor Should Know
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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