Benchmark analyst Mickey Legg lowered the firm’s price target on EVgo (EVGO) to $7 from $12 and keeps a Buy rating on the shares. While the firm is reducing its price target to reflect a more conservative multiple framework amid ongoing macro and sector-wide valuation pressure, it adds that EVgo remains a Top Pick for 2026.
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Read More on EVGO:
- EVgo price target lowered to $4.50 from $7 at RBC Capital
- EVgo at an Inflection Point: Emerging Profitability Offset by EV Adoption Headwinds, Justifying a Balanced Hold Rating
- EVgo sees 2026 revenue $410M-$470M, consensus $450M
- EVgo reports Q4 EPS (4c) vs. (11c) last year
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