ChargePoint Q2, Guidance Miss Expectations, Analysts Say: 15% Layoffs Could 'Create Efficiencies'

ChargePoint Holdings Inc CHPT shares tanked in early trading on Thursday, after the company reported downbeat second-quarter sales. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. RBC Capital Markets On ChargePoint Holdings Analyst Christopher Dendrinos maintained a Sector Perform rating while reducing the price target from $3.00 to$2.50. ChargePoint delivered a revenue miss, although its gross margins were better than expected, driven by "improved ha ...