ChargePoint Holdings Slides as Analysts Slash Price Targets

ChargePoint Holdings ( (CHPT) ) has fallen by -9.49%. Read on to learn why.

ChargePoint Holdings shares fell 9.49% over the week as investors reacted to a wave of cautious analyst updates and lowered price targets, despite the electric-vehicle charging company posting quarterly revenue slightly ahead of expectations. While recent results showed year-over-year revenue growth and a narrowing net loss, the market focused on weaker profitability, with gross margins coming in below forecasts due to lower hardware margins.

Several major Wall Street firms, including RBC Capital, TD Cowen and Roth Capital, cut their price targets on ChargePoint, all while reiterating neutral “Hold” or “Sector Perform” ratings. RBC trimmed its target to $6.50 from $9, TD Cowen to $7 from $11 and Roth to $6.50 from $8.50, citing sluggish near-term demand and Q1 revenue guidance of $90–$100 million that lags consensus estimates. J.P. Morgan maintained an outright “Sell” rating and also lowered its target to $5, adding to the negative sentiment.

Analysts acknowledge that ChargePoint’s ongoing new product launches are helping the business and could support better growth and margin improvement later in the year, but they argue the ramp-up is slower than previously hoped. For now, the stock is caught between modest operational progress and investors’ concerns about profitability and softer demand, a tension that has weighed on the share price and kept most on the sidelines rather than turning bullish.