Goldman Sachs analyst Mark Delaney raised the firm’s price target on ChargePoint (CHPT) to $10 from $9 and keeps a Sell rating on the shares. ChargePoint’s Q3 report was an incremental positive on balance, especially because the company’s recent transaction with debt holders improved the balance sheet, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHPT:
- ChargePoint Holdings’ Stock Soars Amid Strong Earnings
- ChargePoint’s Earnings Call Highlights Growth and Challenges
- ChargePoint price target lowered to $9 from $10 at RBC Capital
- ChargePoint price target lowered to $8.50 from $11 at Roth Capital
- ChargePoint Holdings: Stabilization Amidst Regulatory Challenges and Uncertain Demand Growth