ChargePoint Stock Target Trimmed to $6.30, Analysts Still Say Hold
Five analysts shaved ChargePoint's price target to $6.30, implying 12% downside. Not one analyst says buy.
Wall Street just sent ChargePoint another quiet warning shot. Five analysts trimmed their average price target on CHPT from $6.33 to $6.30 — a tiny cut, sure, but the direction is what matters. That revised target sits roughly 12% below where the stock closed on June 12. That's not a rounding error; that's a signal.
The broader analyst picture is even less inspiring. Seven analysts cover the stock, and the consensus rating is a flat "Hold." Zero buy recommendations. None. When the most bullish thing anyone on Wall Street will say about your EV charging stock is "don't sell it yet," that tells you everything about current sentiment around ChargePoint.
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For active traders, this setup deserves respect. A crowded "Hold" with no bulls and a downside target means there's no obvious catalyst army waiting to push this thing higher. Momentum traders already know CHPT has had a brutal stretch — this analyst update does nothing to change that narrative. If anything, it reinforces the idea that the path of least resistance is still lower.
The EV charging sector broadly is navigating a tough stretch, caught between slowing EV adoption growth rates and persistent questions about ChargePoint's path to profitability. Analyst price target cuts — even modest ones — tend to cluster before bigger resets, so watching whether that $6.30 floor holds or cracks further will be the key technical and fundamental story here.
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