JPMorgan lowered the firm’s price target on ChargePoint (CHPT) to $8 from $9 and keeps an Underweight rating on the shares following the Q2 report. The firm says the company’s challenging environment has pushed out its path to profitability. ChargePoint pushed out its expectations to turn EBITDA breakeven in fiscal Q4 due to customers pausing projects amid tax credit phase-outs and tariff impacts, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHPT:
- Cautious Hold on ChargePoint Holdings Amid Uncertain Demand and Profitability Timeline
- ChargePoint Holdings Reports Q2 FY2026 Financial Results
- CHPT Earnings: ChargePoint’s Stock Falls on Mixed Financial Results and Weak Guidance
- Closing Bell Movers: Salesforce falls despite Q2 earnings beat
- ChargePoint reports Q2 adjusted EBITDA ($22.1M) vs. ($34.1M) last year