EVgo price target lowered to $4.50 from $7 at RBC Capital

RBC Capital lowered the firm’s price target on EVgo (EVGO) to $4.50 from $7 and keeps an Outperform rating on the shares. The company’s 2026 outlook highlights improving profitability, particularly in the second half of the year, as stall deployments accelerate, though its guide is a bit below the firm’s forecast with a lower deployment tempo, the analyst tells investors in a research note. The longer-term upside opportunity for EVgo is compelling, but sentiment on the stock could remain muted near term given the macro backdrop, RBC added.