Stifel analysts maintain "Buy" rating on EVgo citing strong performance, making it a top pick

From Yahoo Finance: 2025-06-23 12:17:00

Stifel analysts maintained a “Buy” rating on EVgo, Inc. (NASDAQ:EVGO) with a price target of $8.00 on May 14, citing strong performance in the first quarter of 2025. The company has exceeded expectations and is seen as a top pick among US electric vehicle charging companies. Despite concerns about slower EV sales, the growing number of EVs on the road is expected to boost the use of EVgo’s charging network. EVgo, Inc. operates over 1,100 fast charging stations across more than 40 states in the US. While EVGO has investment potential, some believe AI stocks offer greater upside with less risk.



Read more at Yahoo Finance: Stifel Keeps Buy Rating on EVGO