Chargepoint Gains after JPmorgan Turns Bullish on Long-Term Potential

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Chargepoint Gains after JPmorgan Turns Bullish on Long-Term Potential

Seeking Alpha2022-01-28

JPMorgan upgrades ChargePoint Holdings(NYSE:CHPT)to an Overweight rating from Neutral after gaining confidence following a meeting with the company's management team and taking in the recent sharp pullback in share price.

Analyst Bill Peterson: "ChargePoint is a clear leader in the North American commercial Level 2 market with increasing emerging growth opportunities in DCFC in North America and in L2/DCFC in Europe. We anticipate ChargePoint driving significant growth over the next 5-10 years, with revenues outpacing the growth range of EVs in the US and Europe driven by new opportunities in commercial and fleet operations. The company’s software and services business provides ChargePoint an attractive recurring revenue model."

The firm's December 2022 price target of $20 on CHPT is based on an equal-weighted blend of future dated enterprise value/sales and enterprise value/EBITDA discounted back to 2023.

Shares of ChargePoint Holdings (CHPT) are up 2.27% premarket to $11.71 vs. the 52-week range of $11.21 to $43.00.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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VikiSoh
·2022-01-28
good
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6
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ZenInv
·2022-01-28
Well Tesla has long term potential yet it still got hammered by the FED.
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We anticipate ChargePoint driving significant growth over the next 5-10 years, with revenues outpacing the growth range of EVs in the US and Europe driven by new opportunities in commercial and fleet operations. The company’s software and services business provides ChargePoint an attractive recurring revenue model.\"The firm's December 2022 price target of $20 on CHPT is based on an equal-weighted blend of future dated enterprise value/sales and enterprise value/EBITDA discounted back to 2023.Shares of ChargePoint Holdings (CHPT) are up 2.27% premarket to $11.71 vs. the 52-week range of $11.21 to $43.00.","news_type":1,"symbols_score_info":{"CHPT":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9099248193,"gmtCreate":1643375571896,"gmtModify":1676533812835,"author":{"id":"4098783902581330","authorId":"4098783902581330","name":"ZenInv","avatar":"https://community-static.tradeup.com/news/033bd47e3df1977aaef462f53997e9f1","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"4098783902581330","idStr":"4098783902581330"},"htmlText":"Well Tesla has long term potential yet it still got hammered by the FED.&nbsp;","listText":"Well Tesla has long term potential yet it still got hammered by the FED.&nbsp;","text":"Well Tesla has long term potential yet it still got hammered by the FED.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099248193","repostId":1132790239,"repostType":4,"repost":{"id":"1132790239","kind":"news","pubTimestamp":1643374968,"share":"https://ttm.financial/m/news/1132790239?lang=&edition=fundamental","pubTime":"2022-01-28 21:02","market":"us","language":"en","title":"Chargepoint Gains after JPmorgan Turns Bullish on Long-Term Potential","url":"https://stock-news.laohu8.com/highlight/detail?id=1132790239","media":"Seeking Alpha","summary":"JPMorgan upgrades ChargePoint Holdings(NYSE:CHPT)to an Overweight rating from Neutral after gaining ","content":"<html><head></head><body><p>JPMorgan upgrades ChargePoint Holdings(NYSE:CHPT)to an Overweight rating from Neutral after gaining confidence following a meeting with the company&#39;s management team and taking in the recent sharp pullback in share price.</p><p>Analyst Bill Peterson: &#34;ChargePoint is a clear leader in the North American commercial Level 2 market with increasing emerging growth opportunities in DCFC in North America and in L2/DCFC in Europe. We anticipate ChargePoint driving significant growth over the next 5-10 years, with revenues outpacing the growth range of EVs in the US and Europe driven by new opportunities in commercial and fleet operations. The company’s software and services business provides ChargePoint an attractive recurring revenue model.&#34;</p><p>The firm&#39;s December 2022 price target of $20 on CHPT is based on an equal-weighted blend of future dated enterprise value/sales and enterprise value/EBITDA discounted back to 2023.</p><p>Shares of ChargePoint Holdings (CHPT) are up 2.27% premarket to $11.71 vs. the 52-week range of $11.21 to $43.00.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chargepoint Gains after JPmorgan Turns Bullish on Long-Term Potential</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChargepoint Gains after JPmorgan Turns Bullish on Long-Term Potential\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-28 21:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3792991-chargepoint-gains-after-jpmorgan-turns-bullish-on-long-term-potential><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>JPMorgan upgrades ChargePoint Holdings(NYSE:CHPT)to an Overweight rating from Neutral after gaining confidence following a meeting with the company's management team and taking in the recent sharp ...</p>\n\n<a href=\"https://seekingalpha.com/news/3792991-chargepoint-gains-after-jpmorgan-turns-bullish-on-long-term-potential\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CHPT":"ChargePoint Holdings Inc."},"source_url":"https://seekingalpha.com/news/3792991-chargepoint-gains-after-jpmorgan-turns-bullish-on-long-term-potential","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132790239","content_text":"JPMorgan upgrades ChargePoint Holdings(NYSE:CHPT)to an Overweight rating from Neutral after gaining confidence following a meeting with the company's management team and taking in the recent sharp pullback in share price.Analyst Bill Peterson: \"ChargePoint is a clear leader in the North American commercial Level 2 market with increasing emerging growth opportunities in DCFC in North America and in L2/DCFC in Europe. We anticipate ChargePoint driving significant growth over the next 5-10 years, with revenues outpacing the growth range of EVs in the US and Europe driven by new opportunities in commercial and fleet operations. The company’s software and services business provides ChargePoint an attractive recurring revenue model.\"The firm's December 2022 price target of $20 on CHPT is based on an equal-weighted blend of future dated enterprise value/sales and enterprise value/EBITDA discounted back to 2023.Shares of ChargePoint Holdings (CHPT) are up 2.27% premarket to $11.71 vs. the 52-week range of $11.21 to $43.00.","news_type":1,"symbols_score_info":{"CHPT":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":33,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}