Morgan Stanley lowered the firm’s price target on EVgo (EVGO) to $3.50 from $4.50 and keeps an Equal Weight rating on the shares following Q4 results. While guidance for FY26 came in softer than anticipated, the firm notes EVgo’s longer-term thesis remains intact, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EVGO:
- EVgo’s Heavy California Dependence Poses Significant Regional Risk to 2024–2025 Charging Revenues
- EVgo price target lowered to $3.50 from $4 at Evercore ISI
- EVgo Earnings Call: Growth Surges Amid Execution Risks
- EVgo price target lowered to $5.50 from $5.90 at UBS
- EVgo price target lowered to $6 from $7 at Cantor Fitzgerald