12 Month Price Forecast For EVGO
Distance to EVGO Price Forecasts
EVGO Price Momentum
🤔 Considering EVgo (EVGO)?
Join 5,000+ investors getting our exclusive market analysis every Monday & Thursday. Stay ahead of breakout opportunities.
Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: January 23, 2025 6:32 AM UTC
EVGO Analyst Ratings & Price Targets
Based on our analysis of 14 Wall Street analysts, EVGO has a consensus that is bullish. The median price target is $8.00, with forecasts ranging from $3.50 to $12.00. Currently, there are 11 Buy ratings, 1 Hold ratings, and 1 Sell ratings.
With EVGO currently trading at $3.10, the median price forecast suggests a 158.1% upside. The most optimistic forecast comes from Maheep Mandloi at Credit Suisse, projecting a 287.1% upside, while Itay Michaeli at Citigroup provides the most conservative target, suggesting a 12.9% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
EVGO Analyst Consensus
EVGO Price Target Range
Latest EVGO Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for EVGO.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Jan 16, 2025 | Needham | Chris Pierce | Hold | Reiterates | $0.00 |
| Dec 20, 2024 | JP Morgan | Overweight | Maintains | $0.00 | |
| Nov 13, 2024 | Needham | Chris Pierce | Hold | Reiterates | $0.00 |
| Oct 30, 2024 | Stifel | Stephen Gengaro | Buy | Maintains | $10.00 |
| Oct 10, 2024 | UBS | William Grippin | Buy | Upgrade | $8.50 |
| Oct 9, 2024 | RBC Capital | Chris Dendrinos | Outperform | Maintains | $8.00 |
| Oct 4, 2024 | TD Cowen | Gabe Daoud | Buy | Upgrade | $7.00 |
| Oct 3, 2024 | JP Morgan | Bill Peterson | Overweight | Upgrade | $7.00 |
| Sep 30, 2024 | Cantor Fitzgerald | Andres Sheppard | Overweight | Reiterates | $5.00 |
| Sep 23, 2024 | Cantor Fitzgerald | Andres Sheppard | Overweight | Reiterates | $5.00 |
| Sep 9, 2024 | Cantor Fitzgerald | Andres Sheppard | Overweight | Reiterates | $5.00 |
| Sep 3, 2024 | Cantor Fitzgerald | Andres Sheppard | Overweight | Reiterates | $5.00 |
| Aug 29, 2024 | Needham | Chris Pierce | Hold | Reiterates | $0.00 |
| Aug 19, 2024 | Cantor Fitzgerald | Andres Sheppard | Overweight | Reiterates | $5.00 |
| Aug 6, 2024 | Stifel | Stephen Gengaro | Buy | Maintains | $6.00 |
| Aug 2, 2024 | Cantor Fitzgerald | Andres Sheppard | Overweight | Maintains | $5.00 |
| Aug 2, 2024 | Needham | Chris Pierce | Hold | Reiterates | $0.00 |
| Jul 22, 2024 | UBS | William Grippin | Neutral | Initiates | $4.00 |
| Jul 22, 2024 | Cantor Fitzgerald | Andres Sheppard | Overweight | Reiterates | $4.00 |
| Jul 15, 2024 | Cantor Fitzgerald | Andres Sheppard | Overweight | Reiterates | $4.00 |
Stocks Similar to EVgo, Inc.
The following stocks are similar to EVgo based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
EVgo, Inc. (EVGO) Financial Data
EVgo, Inc. has a market capitalization of $1.02B with a P/E ratio of -6.7x. The company generates $239.31M in trailing twelve-month revenue with a -18.6% profit margin.
Revenue growth is +92.4% quarter-over-quarter, while maintaining an operating margin of -47.9% and return on equity of -24.7%.
Valuation Metrics
Growth & Margins
Financial Health
🔥 Want More High-Potential Stock Ideas?
Join 5,000+ investors getting our research on stocks with massive upside potential.
EVgo, Inc. (EVGO) Company Overview
About EVgo, Inc.
Operates a fast charging network for EVs.
The company generates revenue by offering direct charging services to EV drivers through its extensive network of fast chargers. It also earns income from OEM partnerships, fleet charging services, and ancillary offerings such as digital application customization and advertising services.
Founded in 2010 and based in Los Angeles, EVgo is a subsidiary of EVgo Holdings LLC, focusing on providing comprehensive charging solutions and services to enhance the EV user experience.
Company Information
Sector
Consumer Cyclical
Industry
Specialty Retail
Employees
292
CEO
Mr. Badar Khan
Country
United States
IPO Year
2021
Website
www.evgo.comEVgo, Inc. (EVGO) Latest News & Analysis
EVgo stock has dropped 60% from its October 25 high of $9.07, currently trading at $3.57, erasing much of its fourth-quarter gains.
EVgo's significant stock decline signals potential instability, affecting investor confidence and future funding opportunities, which could impact the company's growth and market position.
The DOE loan is expected to drive ~40% growth over five years, with management outlining catalysts for medium-term tailwinds. Adjusted EBITDA breakeven guidance will be highlighted in Q4'24 earnings.
The DOE loan boosts growth potential by 40% at low cost, indicating underpriced value. Management's clear strategy and breakeven guidance enhance medium-term share price prospects.
Biden's EV funding initiative underscores the significance of green infrastructure, positioning TSLA, BLNK, EVGO, and BEEM for potential growth amid uncertainties related to a Trump administration.
Biden's EV funding signals strong government support for green infrastructure, boosting growth prospects for companies like TSLA, BLNK, EVGO, and BEEM amid political uncertainties.
EVGO received a $75 million disbursement from a $1.25 billion loan from the U.S. DOE to enhance its electric vehicle charging infrastructure.
EVGO's $75 million disbursement signals government support for EV infrastructure, boosting investor confidence in the company's growth potential and the overall EV market.
EVgo Inc. has received a $75 million drawdown from a $1.25 billion guaranteed loan from the U.S. Department of Energy to support its buildout, following a financial close in December 2024.
EVgo's $75 million loan drawdown boosts its capital for expansion, enhancing growth potential and operational stability, which can positively impact stock performance and investor sentiment.
EVgo Stock: Buy, Sell, or Hold?
1 month agoEVgo, a major EV charging network, went public via SPAC in July 2021, opening at $15.05 but currently trades at approximately $4.
EVgo's significant stock price decline from $15.05 to $4 reflects investor concerns about growth prospects and competition in the EV charging market, impacting future valuations and investment decisions.
Frequently Asked Questions About EVGO Stock
What is EVgo, Inc.'s (EVGO) stock forecast for 2025?
Based on our analysis of 14 Wall Street analysts, EVgo, Inc. (EVGO) has a median price target of $8.00. The highest price target is $12.00 and the lowest is $3.50.
Is EVGO stock a good investment in 2025?
According to current analyst ratings, EVGO has 11 Buy ratings, 1 Hold ratings, and 1 Sell ratings. The stock is currently trading at $3.10. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for EVGO stock?
Wall Street analysts predict EVGO stock could reach $8.00 in the next 12 months. This represents a 158.1% increase from the current price of $3.10. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is EVgo, Inc.'s business model?
The company generates revenue by offering direct charging services to EV drivers through its extensive network of fast chargers. It also earns income from OEM partnerships, fleet charging services, and ancillary offerings such as digital application customization and advertising services.
What is the highest forecasted price for EVGO EVgo, Inc.?
The highest price target for EVGO is $12.00 from Maheep Mandloi at Credit Suisse, which represents a 287.1% increase from the current price of $3.10.
What is the lowest forecasted price for EVGO EVgo, Inc.?
The lowest price target for EVGO is $3.50 from Itay Michaeli at Citigroup, which represents a 12.9% increase from the current price of $3.10.
What is the overall EVGO consensus from analysts for EVgo, Inc.?
The overall analyst consensus for EVGO is bullish. Out of 14 Wall Street analysts, 11 rate it as Buy, 1 as Hold, and 1 as Sell, with a median price target of $8.00.
How accurate are EVGO stock price projections?
Stock price projections, including those for EVgo, Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
