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ChargePoint raises price target after beating Q2 sales and narrowing losses

Company Fundamentals
22 Sep 2026
Proactive Investors
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Bullish
ChargePoint raises price target after beating Q2 sales and narrowing losses

ChargePoint reported strong Q2 results with $116 million in sales, beating estimates and showing 18% growth year-over-year. The company narrowed its adjusted EBITDA losses to $5 million, better than expected. UBS raised its price target to $9 from $8 and increased revenue forecasts for 2027-2029, citing improved execution despite balance sheet and demand uncertainties. ChargePoint projects Q3 revenue between $105 million and $115 million, close to consensus estimates.

ChargePoint's recent strong Q2 results come as 74 of 150 Technology-sector US stocks tradable on Pluang rose while 75 fell. Notable movers include AXTI at USD 76.32 with a 1-day change of -4.52%, INTU at USD 290.48 down 4.49%, and ADBE at USD 238.92 down 4.25%, with Pluang order activity showing a majority sell for AXTI and INTU but a majority buy for ADBE. This data is as of Sep 23, 2026 00:51 WIB.

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