$ChargePoint Holdings Inc.(CHPT)$JPMorgan Chase has an overweight rating on ChargePoint witha price targetof $18. To justify that price, ChargePoint says it will sign deals to charge entire fleets, especially in Europe. My own view is CHPT stock needsa stronger playin the 480 volt market to be worth your investment. Buyers of fast chargers also need to give something for drivers to do with those idle half hours.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments