On Oct 04, major Wall Street analysts update their ratings for $EVgo Inc (EVGO.US)$, with price targets ranging from $6 to $7.
J.P. Morgan analyst Bill Peterson upgrades to a buy rating, and sets the target price at $7.
Evercore analyst James West maintains with a buy rating, and maintains the target price at $7.
TD Cowen analyst Gabriel Daoud upgrades to a buy rating, and adjusts the target price from $5 to $7.
Roth MKM analyst Craig Irwin initiates coverage with a buy rating, and sets the target price at $6.
Furthermore, according to the comprehensive report, the opinions of $EVgo Inc (EVGO.US)$'s main analysts recently are as follows:
EVgo's unique owner-operator model for fast charging is demonstrating scalability with increased utilization and charge rates despite a subdued electric vehicle market. Steady growth in network throughput, stable to slightly improving gross margins, and improved operating leverage are anticipated to bring the company to an adjusted EBITDA breakeven by the end of 2025, with expectations for growth thereafter. A probable conditional loan commitment from the Department of Energy, potentially amounting to hundreds of millions, is expected by the end of the year, which could hasten the expansion of EVgo's network.
Here are the latest investment ratings and price targets for $EVgo Inc (EVGO.US)$ from 4 analysts:
Note:
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