ChargePoint Stock: Buy, Sell, or Hold?

From Nasdaq: 2024-06-11 04:52:00

ChargePoint’s stock saw a record high of $46.10 in 2020, but now trades under $2 due to EV market slowdown, increased competition, losses, and valuation pressure. Analysts forecast modest revenue growth and eventual positive EBITDA in fiscal 2025-2027. However, challenges like market recovery uncertainty, competition, and weak balance sheet may hinder growth. Consider selling instead of buying ChargePoint stock.



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