TSLA - Blink Charging Has Upside Potential Despite Slowed Bookings: Analyst | Benzinga
Needham analyst Chris Pierce cut the price target of Blink Charging Co. (NASDAQ:BLNK) from $7 to $6 while retaining the Buy rating following the first quarter earnings release.
Yesterday, Blink Charging reported quarterly adjusted losses of 13 cents per share which beat the analyst consensus estimate of losses of 24 cents. Quarterly sales of $37.57 million beat the analyst consensus estimate of $33.38 million.
Blink maintained its target of revenues between $165 million and $175 million and reiterated its target of achieving a positive adjusted EBITDA run rate by December 2024.
The analyst sees the company as the best-positioned as the EV charging ...