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.
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