CHPT Should I Buy
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ChargePoint Holdings Inc (CHPT) is not a strong buy at the moment for a beginner investor with a long-term focus. While the company has shown some revenue growth and improved gross margins, its significant net income losses, declining EPS, and ongoing cash burn pose risks. Additionally, the lack of strong positive trading signals and mixed analyst ratings suggest a cautious approach. Holding off on investing until there are clearer signs of financial stability or positive momentum is recommended.
The MACD is positive and expanding (0.117), indicating a potential upward trend. However, RSI at 69.911 is neutral, and moving averages are converging, suggesting no clear momentum. The stock is trading near its R1 resistance level of 6.532, with key support at 6.152.
Debt refinancing has strengthened the balance sheet.
Net income dropped by -32.36% YoY, and EPS declined by -37.36% YoY. Analysts have lowered price targets, with most maintaining neutral or sell ratings. There is ongoing cash burn and uncertainty around EV demand growth.
In Q3 2026, revenue increased to $105.67M (up 6.09% YoY), gross margin improved to 30.74% (up 34.41% YoY), but net income dropped to -$52.48M (-32.36% YoY), and EPS fell to -2.23 (-37.36% YoY).
Analysts have mixed views, with most maintaining neutral ratings and lowering price targets. UBS lowered the target to $9 from $12, and B. Riley reduced it to $11 from $12.50. Goldman Sachs raised the target to $10 but maintained a sell rating.
