Sameer Joshi, an analyst from H.C. Wainwright, maintained the Buy rating on Blink Charging Co. The associated price target is $5.00.
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Sameer Joshi has given his Buy rating due to a combination of factors that highlight Blink Charging Co’s potential for future growth. The recent acquisition of Zemetric is a strategic move that fills a gap in Blink’s product portfolio, particularly in the area of L2 charging solutions for fleets and commercial customers. This acquisition not only expands Blink’s technological capabilities but also brings experienced personnel into the management team, aligning future performance incentives with Blink’s success.
Moreover, Blink’s financial results for the second quarter of 2025 show a positive trajectory in service revenues, marking the fourth consecutive quarter of growth. Despite some financial setbacks, such as non-cash charges and asset impairments, the company has taken steps to streamline operations and reduce ongoing expenses. The focus on expanding the owned charging station portfolio is expected to drive further increases in service and overall revenues. These strategic initiatives and financial improvements underpin Joshi’s optimistic outlook for Blink Charging Co.
According to TipRanks, Joshi is a 4-star analyst with an average return of 22.5% and a 35.19% success rate.
In another report released yesterday, Benchmark Co. also reiterated a Buy rating on the stock with a $2.00 price target.