TD Cowen lowered the firm’s price target on ChargePoint (CHPT) to $11 from $30 and keeps a Hold rating on the shares. The firm updated its model to account for its 1-for-20 reverse split as well as Q2 results which evidenced both solid execution and the realities of the current state of the US EV market.
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Read More on CHPT:
- ChargePoint Holdings Faces Sell Rating Amid Market Uncertainties and Profitability Challenges
- ChargePoint price target lowered to $8 from $9 at JPMorgan
- Cautious Hold on ChargePoint Holdings Amid Uncertain Demand and Profitability Timeline
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