CHPT - ChargePoint's Asset-Light Strategy: Analyst On What It Means For Future Revenue And EPS | Benzinga
RBC Capital Markets analyst Chris Dendrinos initiated coverage on ChargePoint Holdings Inc (NYSE: CHPT) at an Outperform rating with a price target of $9.
The analyst sees the company as the market leader in level 2 (L2) charging solutions, with 45% market share of L2 stations in the U.S.
Dendrinos is bullish on CHPT's strategy and believes it is well positioned with the right products in the right markets to capitalize on the opportunity from EV adoption rates and charging infrastructure demand.
The ...