B. Riley lowered the firm’s price target on ChargePoint (CHPT) to $11 from $12.50 and keeps a Neutral rating on the shares. The firm updated the company’s model post earnings. The beat was driven by a boost in residential billings, the analyst tells investors in a research note. Riley says ChargePoint strengthened its balance sheet with the debt exchange.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHPT: