Roth Capital lowered the firm’s price target on ChargePoint (CHPT) to $8.50 from $11 and keeps a Neutral rating on the shares. The company’s Q3 revenue $10M was ahead of consensus, with residential product traction delivering upside, the analyst tells investors in a research note. The debt refinancing in early November was a clear positive, and now ChargePoint needs to take more aggressive action targeting adj-EBITDA breakeven, the firm added.
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