ChargePoint price target lowered to 65c from 70c at UBS

UBS lowered the firm’s price target on ChargePoint (CHPT) to 65c from 70c and keeps a Neutral rating on the shares as part of a Q1 preview for the electric vehicle charging group. The firm expects “incrementally more cautious” outlooks from charging hardware name given uncertain impacts of tariffs on both profitability and EV demand, potentially pushing out adjusted EBITDA breakeven targets. Sentiment for EV charging hardware sellers remains depressed, driven by tariff uncertainty, policy uncertainty, excess inventory, and more cautious behavior from fleet customers, the analyst tells investors in a research note.