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Analysts Slash Price Targets on ChargePoint Despite Revenue Beat

MarketDash Editorial Team
2 days ago
ChargePoint delivered mixed third-quarter results that exceeded revenue expectations but missed badly on earnings, prompting analysts to lower their price targets even as shares surged over 26%.

ChargePoint Holdings, Inc. (CHPT) delivered one of those classic "good news, bad news" quarterly reports on Thursday that left investors parsing through the details and analysts reaching for their red pens.

The electric vehicle charging company posted adjusted losses of $2.23 per share for the third quarter, which significantly missed analyst expectations of $1.31 in losses. That's the kind of miss that usually sends stocks tumbling. But here's the twist: quarterly revenue came in at $105.67 million, comfortably beating the consensus estimate of $96.71 million.

CEO Rick Wilmer put a positive spin on the mixed bag. "ChargePoint's third quarter results mark a return to growth, with revenue exceeding expectations," he said. Wilmer highlighted the company's November debt exchange as strengthening its financial foundation and pointed to ongoing innovation and strategic partnerships, particularly with Eaton, as positioning the company "to accelerate growth and lead the future of e-mobility."

Looking ahead, ChargePoint expects fourth fiscal quarter revenue (ending January 31, 2026) to land between $100 million and $110 million.

The market's reaction? ChargePoint shares soared 26.6% on Friday to trade at $10.79. Apparently, investors were more excited about the revenue beat and growth prospects than worried about the bottom line.

Analysts, however, took a more cautious stance following the earnings announcement. Two firms adjusted their outlook:

  • RBC Capital analyst Christopher Dendrinos maintained a Sector Perform rating but lowered his price target from $10 to $9.
  • Roth Capital analyst Craig Irwin kept his Neutral rating while cutting the price target from $11 to $8.50.

Both new price targets sit below where the stock was trading after its post-earnings surge, suggesting analysts think some of Friday's enthusiasm might be overdone.

Back to News

Analysts Slash Price Targets on ChargePoint Despite Revenue Beat

MarketDash Editorial Team
2 days ago
ChargePoint delivered mixed third-quarter results that exceeded revenue expectations but missed badly on earnings, prompting analysts to lower their price targets even as shares surged over 26%.

ChargePoint Holdings, Inc. (CHPT) delivered one of those classic "good news, bad news" quarterly reports on Thursday that left investors parsing through the details and analysts reaching for their red pens.

The electric vehicle charging company posted adjusted losses of $2.23 per share for the third quarter, which significantly missed analyst expectations of $1.31 in losses. That's the kind of miss that usually sends stocks tumbling. But here's the twist: quarterly revenue came in at $105.67 million, comfortably beating the consensus estimate of $96.71 million.

CEO Rick Wilmer put a positive spin on the mixed bag. "ChargePoint's third quarter results mark a return to growth, with revenue exceeding expectations," he said. Wilmer highlighted the company's November debt exchange as strengthening its financial foundation and pointed to ongoing innovation and strategic partnerships, particularly with Eaton, as positioning the company "to accelerate growth and lead the future of e-mobility."

Looking ahead, ChargePoint expects fourth fiscal quarter revenue (ending January 31, 2026) to land between $100 million and $110 million.

The market's reaction? ChargePoint shares soared 26.6% on Friday to trade at $10.79. Apparently, investors were more excited about the revenue beat and growth prospects than worried about the bottom line.

Analysts, however, took a more cautious stance following the earnings announcement. Two firms adjusted their outlook:

  • RBC Capital analyst Christopher Dendrinos maintained a Sector Perform rating but lowered his price target from $10 to $9.
  • Roth Capital analyst Craig Irwin kept his Neutral rating while cutting the price target from $11 to $8.50.

Both new price targets sit below where the stock was trading after its post-earnings surge, suggesting analysts think some of Friday's enthusiasm might be overdone.