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ChargePoint price target lowered to $20 from $40 at Benchmark

Benchmark lowered the firm’s price target on ChargePoint (CHPT) to $20 from $40 and keeps a Buy rating on the shares. ChargePoint reported Q2 revenue of $98.6M, at the top end of guidance, but the outlook remains cautious, the analyst tells investors. While demand visibility in North America remains clouded, Europe offers a near-term growth lever, the analyst added.

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