Update shared on05 Sep 2025
Fair value Decreased 38%ChargePoint's analyst price target has been sharply reduced, reflecting weak end-market demand, disappointing financial results, ongoing US EV market headwinds, and growing concerns around the company’s cash position and upcoming debt maturities, lowering the fair value estimate from $20.61 to $12.72.
Analyst Commentary
- Demand for ChargePoint's products remains depressed, with the company showing only sequential operational improvements rather than a significant turnaround.
- Recent financial results were below expectations, featuring stronger revenue but a less favorable subscription mix, higher operating expenses, and only modest cash outflows.
- Analysts have revised models to account for the company's 1-for-20 reverse stock split and reflect the challenging realities of the current state of the US EV market.
- Continued progress in lowering operational and frictional costs is evident, but a critical revenue inflection is necessary by year-end to improve profitability.
- Upcoming debt maturities, specifically $300 million in convertible notes due April 2027, are a concern due to ChargePoint's low valuation and ongoing challenges in returning to growth.
What's in the News
- ChargePoint guided third fiscal quarter revenue to $90 million–$100 million.
- Partnered with Eaton to launch ChargePoint Express Grid, an ultrafast charging architecture offering up to 600kW power, V2X capabilities, and grid-balancing features; commercial rollout in North America and Europe set to begin in 2026.
- Released Omni Port conversion kits to enable adaptable charging on older stations, addressing connector compatibility for EVs at no additional cost, reinforcing ChargePoint’s leading market share in AC charging ports.
- Introduced Safeguard Care, a service for routine inspection and maintenance of charging stations, targeting high-traffic and distributed site operators.
- Announced a 1-for-20 reverse stock split, following shareholder approval for a flexible reverse split range.
- Launched Flex Plus charger and Driver Management Solution in Europe, addressing home charging needs for company cars and fleets with dynamic load management, portable design, and automated reimbursement features.
Valuation Changes
Summary of Valuation Changes for ChargePoint Holdings
- The Consensus Analyst Price Target has significantly fallen from $20.61 to $12.72.
- The Future P/E for ChargePoint Holdings has significantly fallen from 12.71x to 8.13x.
- The Consensus Revenue Growth forecasts for ChargePoint Holdings has fallen slightly from 15.8% per annum to 15.4% per annum.
Disclaimer
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