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RF Lafferty Maintains ChargePoint Holdings Inc – (CHPT) Buy Recommendation

Fintel reports that on September 7, 2023, RF Lafferty maintained coverage of ChargePoint Holdings Inc – (NYSE:CHPT) with a Buy recommendation.

Analyst Price Forecast Suggests 143.08% Upside

As of August 31, 2023, the average one-year price target for ChargePoint Holdings Inc – is 15.29. The forecasts range from a low of 10.10 to a high of $28.35. The average price target represents an increase of 143.08% from its latest reported closing price of 6.29.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for ChargePoint Holdings Inc – is 746MM, an increase of 33.48%. The projected annual non-GAAP EPS is -0.55.

What is the Fund Sentiment?

There are 530 funds or institutions reporting positions in ChargePoint Holdings Inc -. This is a decrease of 32 owner(s) or 5.69% in the last quarter. Average portfolio weight of all funds dedicated to CHPT is 0.54%, an increase of 1.27%. Total shares owned by institutions increased in the last three months by 0.96% to 163,122K shares. The put/call ratio of CHPT is 0.63, indicating a bullish outlook.

What are Other Shareholders Doing?

CHPT / ChargePoint Holdings Inc - Class A Shares Held by Institutions

Linse Capital holds 15,545K shares representing 4.40% ownership of the company. In it’s prior filing, the firm reported owning 24,792K shares, representing a decrease of 59.48%. The firm increased its portfolio allocation in CHPT by 3.91% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 9,070K shares representing 2.57% ownership of the company. In it’s prior filing, the firm reported owning 8,477K shares, representing an increase of 6.54%. The firm decreased its portfolio allocation in CHPT by 17.12% over the last quarter.

Canada Pension Plan Investment Board holds 7,819K shares representing 2.21% ownership of the company. No change in the last quarter.

Braemar Energy Ventures III holds 7,460K shares representing 2.11% ownership of the company. No change in the last quarter.

NAESX – Vanguard Small-Cap Index Fund Investor Shares holds 7,292K shares representing 2.06% ownership of the company. In it’s prior filing, the firm reported owning 7,155K shares, representing an increase of 1.89%. The firm decreased its portfolio allocation in CHPT by 18.59% over the last quarter.

ChargePoint Holdings Background Information
(This description is provided by the company.)

Switchback is a special purpose acquisition company and was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in the energy value chain. Switchback is sponsored by NGP Switchback, LLC, which is owned by a private investment fund advised by NGP Energy Capital Management, L.L.C. and the management team of Switchback.

Additional reading:

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.

Click to Learn More

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Fintel reports that on September 7, 2023, RF Lafferty maintained coverage of ChargePoint Holdings Inc – (NYSE:CHPT) with a Buy recommendation. Analyst Price Forecast Suggests 143.08% Upside As of August 31, 2023, the average one-year price target for ChargePoint Holdings Inc – is 15.29. The forecasts range from a low of 10.10 to a high of $28.35. The average price target represents an increase of 143.08% from its latest reported closing price of 6.29.

See our leaderboard of companies with the largest price target upside. The projected annual revenue for ChargePoint Holdings Inc – is 746MM, an increase of 33.48%. The projected annual non-GAAP EPS is -0.55. What is the Fund Sentiment? There are 530 funds or institutions reporting positions in ChargePoint Holdings Inc -. This is a decrease of 32 owner(s) or 5.69% in the last quarter. Average portfolio weight of all funds dedicated to CHPT is 0.54%, an increase of 1.27%. Total shares owned by institutions increased in the last three months by 0.96% to 163,122K shares. The put/call ratio of CHPT is 0.63, indicating a bullish outlook. What are Other Shareholders Doing? Linse Capital holds 15,545K shares representing 4.40% ownership of the company. In it’s prior filing, the firm reported owning 24,792K shares, representing a decrease of 59.48%. The firm increased its portfolio allocation in CHPT by 3.91% over the last quarter. VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 9,070K shares representing 2.57% ownership of the company. In it’s prior filing, the firm reported owning 8,477K shares, representing an increase of 6.54%. The firm decreased its portfolio allocation in CHPT by 17.12% over the last quarter.

Canada Pension Plan Investment Board holds 7,819K shares representing 2.21% ownership of the company. No change in the last quarter. Braemar Energy Ventures III holds 7,460K shares representing 2.11% ownership of the company. No change in the last quarter. NAESX – Vanguard Small-Cap Index Fund Investor Shares holds 7,292K shares representing 2.06% ownership of the company. In it’s prior filing, the firm reported owning 7,155K shares, representing an increase of 1.89%. The firm decreased its portfolio allocation in CHPT by 18.59% over the last quarter. ChargePoint Holdings Background Information(This description is provided by the company.) Switchback is a special purpose acquisition company and was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in the energy value chain. Switchback is sponsored by NGP Switchback, LLC, which is owned by a private investment fund advised by NGP Energy Capital Management, L.L.C. and the management team of Switchback.

Additional reading: ChargePoint Reports Second Quarter Fiscal Year 2024 Financial Results Dear ChargePointers, REVOLVING CREDIT AGREEMENT dated as of July 27, 2023 among CHARGEPOINT, INC., as the Borrower, CHARGEPOINT HOLDINGS, INC., as the Parent, THE GUARANTORS PARTY HERETO, THE LENDERS PARTY HERETO and JPMORGAN CHASE BANK, N.A., as Administrative Agent JPM Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn MoreThis story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/rf-lafferty-maintains-chargepoint-holdings-inc-chpt-buy-recommendation RF Lafferty Maintains ChargePoint Holdings Inc – (CHPT) Buy Recommendation

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