ChargePoint price target lowered to $1 from $1.50 at B. Riley

B. Riley analyst Ryan Pfingst lowered the firm’s price target on ChargePoint (CHPT) to $1 from $1.50 and keeps a Neutral rating on the shares as part of an earnings preview. With electric vehicle sentiment already negative as Republicans target EV incentives, including the $7,500 federal tax credit for EV purchases, the administration’s tariff actions have increased uncertainty for the automotive industry broadly, the analyst tells investors in a research note. The firm says the volatile macro backdrop likely presents a headwind for the company’s profitability targets.