EVgo, Inc. (NASDAQ:EVGO) is a top penny stock with a Buy rating from Stifel and a $8 price target. Stifel believes EVgo is following its business plan despite industry challenges like the end of the $7,500 tax credit for EV buyers.

Despite headwinds, Stifel expects EVgo to achieve positive EBITDA by Q4 2025. The firm is confident in the company’s funding and growth potential in the EV charging industry, positioning it for multi-year success.

EVgo, Inc. (NASDAQ:EVGO) is a leading EV charging company with over 1,100 fast charging stations in 40+ states. While EVGO shows promise, some believe other AI stocks offer greater upside potential. For more insights on AI investments, see our free report on the best short-term AI stock.

Read more at Yahoo Finance: Stifel Keeps Buy Rating on EVGO with $8 Target