CHPT - Land and Expand Pays Off: Analyst Says ChargePoint Poised to Lead EV Charging Revolution | Benzinga
Benchmark analyst Mickey Legg initiated coverage on ChargePoint Holdings, Inc. (NYSE:CHPT) with a Buy rating and a price target of $4.25.
The analyst says that the company’s land-and-expand approach has aided it in achieving an industry-leading charging network, which positioned it to capitalize on market growth as the industry matures.
The analyst expects ChargePoint’s position to continue to expand amid the industry projected to grow at a CAGR of 16.1% to over ...