Is ChargePoint (CHPT) a Good Stock to Buy before Earnings?

EV charging infrastructure company ChargePoint (CHPT) is set to report its Q1 earnings results on June 4 after the market closes. Analysts are expecting earnings per share to come in at -$0.13 on revenue of $100.57 million. This compares to last year’s figures of -$0.17 and $107.04 million, respectively.

It’s worth noting that CHPT has had a mixed track record when it comes to beating earnings. In fact, it has only exceeded estimates seven times during the past 15 quarters. And arguments made by analysts don’t really inspire too much hope. In fact, five-star B. Riley analyst Ryan Pfingst recently lowered his price target for ChargePoint from $1.50 to $1 and maintained a Neutral rating ahead of the company’s earnings report.

He explained that public opinion around electric vehicles is already negative, especially with Republicans pushing to remove the $7,500 federal tax credit for EV buyers. On top of that, recent tariffs introduced by the Trump administration have added more uncertainty for the auto industry. As a result, the analyst believes that these challenges in the broader economy could make it harder for ChargePoint to meet its profit goals.

What Do Options Traders Anticipate?

Using TipRanks’ Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. Indeed, the at-the-money straddle suggests that options traders expect a large 33.7% price move in either direction. This estimate is derived from the $1 strike price, with call options priced at $0.02 and put options at $0.24.

Is CHPT Stock a Buy?

Turning to Wall Street, analysts have a Hold consensus rating on CHPT stock based on one Buy, eight Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average CHPT price target of $1.14 per share implies 47.7% upside potential.

See more CHPT analyst ratings