WBX Similar Chart Price Prediction
The price of WBX is predicted to go up -1.34%, based on the high correlation periods with GDOT. The similarity of these two price pattern on the periods is 94.88%.
WBX
GDOT
Down: -1.34%Similarity: 94.88%
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WBX Analyst's Forecast
Stephen Gengaro
Stifel
Strong Buy → Hold
2024-10-30
Price Target
$3 → $1.5
Upside
+57.94%
Stifel analyst Stephen Gengaro downgraded Wallbox to Hold from Buy with a price target of $1.50, down from $3. The firm is citing weakened consumer sentiment around EV adoption driven by a higher interest rate environment and OEMs scaling back production plans for EVs in the near-term. Stifel also notes that the allocation of NEVI funding in the U.S. has been slower-than-anticipated, which may weigh on DC charger sales growth tied to the NEVI program if it continues to be slow to materialize.
