JPMorgan lowered the firm’s price target on ChargePoint (CHPT) to $5 from $8 and keeps an Underweight rating on the shares. The company reported Q4 revenue slightly ahead of consensus on growth in hardware sales, the analyst tells investors in a research note. JPMorgan says ChargePoint continues to face demand uncertainty and hardware margin headwinds.
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Read More on CHPT:
- ChargePoint reports Q4 EPS ($1.85), consensus ($1.04)
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