EVgo's Zacks Rank Upgrade: EVgo Inc. has been upgraded to a Zacks Rank #2 (Buy) due to a positive trend in earnings estimates, indicating potential for stock price increase.
Earnings Estimates Impact: The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements, making it a valuable tool for investors.
Analyst Consensus Improvement: Over the past three months, the Zacks Consensus Estimate for EVgo has increased by 15.3%, reflecting growing analyst confidence in the company's earnings potential.
Market Positioning: Being in the top 20% of Zacks-covered stocks suggests that EVgo is well-positioned for market-beating returns, supported by its improving business fundamentals.
Wall Street analysts forecast EVGO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EVGO is 5.65 USD with a low forecast of 4.00 USD and a high forecast of 7.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
Wall Street analysts forecast EVGO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EVGO is 5.65 USD with a low forecast of 4.00 USD and a high forecast of 7.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Buy
2 Hold
0 Sell
Strong Buy
Current: 3.100
Low
4.00
Averages
5.65
High
7.50
Current: 3.100
Low
4.00
Averages
5.65
High
7.50
Stifel
Buy
downgrade
$8
2025-11-25
Reason
Stifel
Price Target
$8
AI Analysis
2025-11-25
downgrade
Buy
Reason
Stifel lowered the firm's price target on EVgo to $7.50 from $8 and keeps a Buy rating on the shares. In Q3, the firm highlights steady progression on DOE loan advances, "solid momentum" toward breakeven EBITDA in Q4 and a continued reduction in capital expenditures per stall. EVgo remains the firm's favorite pure-play U.S. EV charging company, the analyst tells investors.
UBS
Jon Windham
Buy
maintain
2025-11-11
Reason
UBS
Jon Windham
Price Target
2025-11-11
maintain
Buy
Reason
UBS analyst Jon Windham raised the firm's price target on EVgo to $5.90 from $5.40 and keeps a Buy rating on the shares.
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UBS
Buy
maintain
$5
2025-08-20
Reason
UBS
Price Target
$5
2025-08-20
maintain
Buy
Reason
UBS raised the firm's price target on EVgo to $5.40 from $5 and keeps a Buy rating on the shares. EVgo is the firm's preferred EV charging exposure due to potential upcoming catalysts, the analyst tells investors in a research note.
Morgan Stanley
Andrew Percoco
Equal Weight
initiated
$4
2025-06-02
Reason
Morgan Stanley
Andrew Percoco
Price Target
$4
2025-06-02
initiated
Equal Weight
Reason
Morgan Stanley analyst Andrew Percoco initiated coverage of EVgo with an Equal Weight rating and $4 price target. The company is a "pure-play" EV charging name positioned well in a growing EV market, while its partnerships with OEMs, site hosts and fleet operators, and low-cost financing should enable it to generate strong earnings growth, the analyst tells investors in a research note. The firm adds however that policy risk, competitive pressures, and valuation keep Morgan Stanley on the sidelines.
About EVGO
EVgo Inc. provides electric vehicle charging solutions. The Company owns and operates a public direct current fast charging network for electric vehicles in the United States. Its network of charging stations provides EV charging infrastructure to consumers and businesses. It partners with automotive original equipment manufacturers (OEMs), fleet and rideshare operators, retail hosts such as grocery stores, shopping centers, gas stations, parking lot operators, governments and other organizations and property owners to locate and deploy its EV charging infrastructure. In addition to the provision of EV charging infrastructure, it is developing and deploying software-based, value-added services to drivers and partners.
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.
