Analyst Alex Vrabel estimates shares could rally 64% after reaching all-time lows in May.
Bank of America thinks electric vehicle charging company ChargePoint is well-positioned to capitalize on industry and regulatory tailwinds. Analyst Alex Vrabel upgraded shares to buy from neutral. His new price target of $14 implies a 65% rally from Friday's close.
mountain ChargePoint Holdings shares have notably underperformed in 2023 To be sure, he noted that Chargepoint has been one of the "worst-performing" growth-focused names in 2023, even falling behind the iShares Global Clean Energy ETF , which has lost more than 6% year to date.
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