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Revenue Miss, Disappointing Forecast Drags ChargePoint Stock
CHPTChargePoint(CHPT) Schaeffers Research· Schaeffers Research·2024-03-06 16:00

ChargePoint Holdings Inc (NYSE:CHPT) stock is sliding today, after the electric vehicle (EV) charging name posted a fourth-quarter revenue miss and disappointing current-quarter revenue forecast. RBC downgraded the shares to "sector perform" from "outperform" after the event, while Needham cut its price target to 3from3 from 4. At last glance, CHPT was down 8% at 1.83,nearingitsJan.19recordlowof1.83, nearing its Jan. 19 record low of 1.56. The security slipped into penny stock territory for the first time this past September, down 82% sinc ...