B. Riley Lowers Target Price for ChargePoint Holdings Inc. to $6 from $11
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 13 2026
0mins
Should l Buy CHPT?
Source: moomoo
- Target Price Adjustment: ChargePoint Holdings has reduced its target price from $11 to $6.
- Analyst Involvement: The price cut was made by analyst B. Riley, indicating a shift in market expectations for the company.
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Analyst Views on CHPT
Wall Street analysts forecast CHPT stock price to rise
8 Analyst Rating
0 Buy
6 Hold
2 Sell
Hold
Current: 5.200
Low
5.00
Averages
8.42
High
11.00
Current: 5.200
Low
5.00
Averages
8.42
High
11.00
About CHPT
ChargePoint Holdings, Inc. is a provider of electric vehicle (EV) charging technology solutions. The Company is driving the transition to electric mobility across North America and Europe. It offers a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Its hardware, software, and services are designed to scale alongside the EV ecosystem, serving the needs of three core customer groups: Charge Point Operators (CPOs), e-Mobility Service Providers, and EV drivers. Its portfolio includes Networked Charging System Portfolio, Advanced ChargePoint Platform, ChargePoint CMS Service, ChargePoint eMSP Service, ChargePoint Mobile App and ChargePoint Services and Support Portfolio. It powers over 342,000 active charging ports.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Target Price Adjustment: ChargePoint Holdings has reduced its target price from $11 to $6.
- Analyst Involvement: The price cut was made by analyst B. Riley, indicating a shift in market expectations for the company.
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- Market Growth Slowdown: From 2020 to 2023, the electric vehicle market experienced rapid expansion, but growth has significantly slowed due to reduced government subsidies, market saturation among early adopters, and macroeconomic pressures, leading to diminished investor interest in EV stocks.
- QuantumScape's Outlook: QuantumScape focuses on developing solid-state lithium-metal batteries, with projected revenue growth from under $1 million in 2026 to $545 million in 2028; although it has yet to commercialize its products, its partnership with Volkswagen is expected to drive licensing revenue growth.
- ChargePoint User Growth: ChargePoint operated 385,000 charging ports at the end of fiscal 2026, with active users rising 8% to 1.48 million, and as the EV market continues to expand, its user base and market share are expected to grow.
- Future Revenue Projections: Analysts anticipate ChargePoint's revenue will grow at a 13% CAGR from $411 million in 2025 to $590 million in 2028, and with a current market cap of $125 million, its stock appears undervalued at less than one times this year's sales.
See More
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- Surge in EV Interest: Since the onset of the Iran war, inquiries for new electric vehicles in the U.S. have surged by 28%, while used EV inquiries rose by 15%, indicating a significant consumer shift towards EVs, even as traditional automakers pivot back to internal combustion engines.
- Fuel Prices Impact Buying Behavior: Elevated gas prices have made electric vehicles more appealing for long-distance drivers; however, Cox Automotive anticipates that consumer buying habits will require over six months of sustained high gas prices to change significantly, highlighting the slow pace of market transition.
- Decline in EV Sales: Despite increased inquiries, Cox forecasts a 28% drop in U.S. EV sales for the first quarter, down to 212,600 units, reflecting limited market acceptance of electric vehicles amidst shifting consumer preferences.
- Global Market Transformation: The energy shock from the Iran war is expected to accelerate EV adoption in Europe and Asia, particularly in countries like Vietnam, Thailand, and Indonesia, where consumers are increasingly inclined to choose affordable models from Chinese manufacturers.
See More
B. Riley Lowers Target Price for ChargePoint Holdings Inc. to $6 from $11
- Target Price Adjustment: ChargePoint Holdings has reduced its target price from $11 to $6.
- Analyst Involvement: The price cut was made by analyst B. Riley, indicating a shift in market expectations for the company.
See More
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- Government Denial: The US Department of War has refuted any ongoing negotiations with AI startup Anthropic, which plans to challenge the government's designation of it as a national security 'supply chain risk,' potentially impacting its funding and market confidence.
- Congressional Scrutiny on China: Congressman John Moolenar urged the Treasury Secretary to exercise 'heightened scrutiny' of inbound investments from China, which could lead to stricter restrictions on Chinese businesses seeking market access in critical manufacturing sectors in the US, affecting US-China economic relations.
- Trump Administration's New Framework: The Trump administration is reportedly considering a new framework that would require foreign governments to invest in US data centers when exporting advanced AI chips, which could alter the dynamics of the global technology supply chain and impact international competition.
- Amazon Job Cuts: Amazon has reportedly cut additional jobs in its robotics division, reflecting structural adjustments as the company faces market challenges, which may affect its future innovation capabilities and competitive position.
See More
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- Travel Stocks Surge: Expedia's shares jumped nearly 11% and Booking Holdings rose about 8% as OpenAI scaled back its direct shopping plans within ChatGPT, alleviating concerns over potential disruptions to booking sites, signaling a recovery in market confidence in the travel sector.
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- Victoria's Secret Plummets: The lingerie retailer's stock fell 15% after projecting free cash flow of $220 million to $250 million by January 2027, significantly below analysts' consensus estimate of $301.9 million, highlighting financial pressures and declining market confidence facing the company.
See More
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- Earnings Beat: ChargePoint reported an adjusted loss of $0.54 per share, outperforming the consensus estimate of a $1.03 loss, while revenue reached $109.32 million, exceeding the expected $104.69 million and marking a 7% year-over-year increase, indicating resilience in revenue generation.
- Subscription Revenue Growth: The company saw an 11% year-over-year increase in subscription revenue to $42.5 million, alongside a 10% rise in network charging systems revenue to $57.6 million, reflecting ChargePoint's ability to enhance its core business amid growing charging demand.
- Weak Guidance: ChargePoint anticipates first-quarter revenue between $90 million and $100 million, falling short of the consensus estimate of $104.07 million, which has pressured the stock and diminished investor confidence.
- Analyst Downgrade: RBC Capital analyst Christopher Dendrinos maintained a Sector Perform rating on ChargePoint while lowering the price target from $9 to $6.50, indicating a cautious outlook on the company's future performance.
See More
