Unlock the potential of your investments with our expertly crafted ChargePoint Holdings Inc. Stock (NYSE: CHPT) long-term outlook is optimistic, with price predictions for 2023, 2025, 2030, and 2040.
ChargePoint Stock Price Prediction is expected to rise to an average price of $4.50 by June 2024, $6.45 by 2025, $7.60 in 2027, $10.30 in 2030, and $13.10 by 2033, reflecting a positive trajectory over the CHPT next 10 years.
This analysis offers meticulous insights through deep technical analysis and historical performance examination. Discover the future of ChargePoint stock before making your long-term investment decisions. Dive into ChargePoint Holdings Inc Stock (CHPT)Key Points.
- Based on our ChargePoint Holdings Inc (CHPT) expect an average of $6.8404 in 2024. Analysts foresee highs at $13.65 and lows at $1.31, marking a robust +19.64% shift from $2.33.
- Based on past performance ChargePoint Holdings Inc (CHPT) in 2025 has an average price of $3.75. The high forecast reaches $17.48, while the low estimate is $2.66, marking a (-)3.57%
- By the time we reach 2030, CHPT will have an average price of $26.75. High forecasts soar to $51.27, with a low prediction of $2.2226, showcasing an impressive +1574.57% surge from $2.33.
- According to long-term analysts’ projections in 2028 for Chargepoint stock forecast in the next 5 years, a potential average price exceeding $70 emerges, fueled by the ever-growing demand for electronic vehicles.
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ChargePoint Holdings Inc (CHPT) Overview
ChargePoint’s journey is a testament to its commitment to revolutionizing electric vehicle (EV) charging. Originating as Coulomb Technologies in 2007, founders Richard Lowenthal, Dave Baxter, and Harjinder Bhade set the stage for an impactful venture.
ChargePoint’s journey is a testament to its commitment to revolutionizing electric vehicle (EV) charging. Originating as Coulomb Technologies in 2007, founders Richard Lowenthal, Dave Baxter, and Harjinder Bhade set the stage for an impactful venture.
The acquisition of 9,800 electric vehicle charging spots from GE in June 2017 marked a significant expansion of ChargePoint’s influence. With a robust presence across Mexico, Australia, Canada, and the United States, the company’s network already boasts 34,900 charging stations.
Under the leadership of CEO and President Pasquale Romano, ChargePoint secured $240 million in funding in November 2018, fortifying its position in the market with an impressive 57,000 charging stations. A milestone was reached in 2019 when the company celebrated 100,000 chargers, showcasing exponential growth with over 2,000 new charging locations added monthly.
ChargePoint made waves in February 2021 by going public through a special-purpose acquisition company (SPAC) reverse merger. Fast forward to January 2023, and ChargePoint, in collaboration with Mercedes-Benz and MN8 Energy, unveiled ambitious plans to install 2,500 fast chargers at 400 charging hubs across the U.S., creating an extensive charging infrastructure accessible to all-electric vehicles.
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ChargePoint Stock Price Prediction
The average price target for ChargePoint Holdings by 19 Wall Street analysts in the past 3 months, stands at $5.21. This assessment incorporates a wide range of projections, with the highest analyst price target at $17.00 and the lowest forecast at $2.00. Notably, the average price target suggests a significant 161.81% increase from the current price of $1.99.
Long-term CHPT Price Prediction for 2025, 2030, 2035, 2040
ChargePoint Stock Price Prediction projects a rise to $4.50 by mid-2024, $6.45 by the end of 2025, $7.60 in 2027, $10.30 in 2030, and $13.10 by 2033, reflecting a positive trajectory over the next 10 years.
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ChargePoint Stock Price Prediction 2024
As per the latest long-term forecast, ChargePoint price 2024 indicates an average price target of $7.84, with a high forecast of $14.65 and a low forecast of $2.17. This average CHPT price prediction for 2024 reflects a +19.64% increase from the last price of $2.33.
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ChargePoint Stock Price Prediction 2025
As per the latest long-term forecast, ChargePoint price 2025 indicates an average price target of $7.84, with a high forecast of $17.48 and a low forecast of $2.17. This average CHPT price prediction for 2025 reflects a +19.64% increase from the last price of $2.33.
ChargePoint Stock Price Prediction 2030
As per the latest long-term forecast, ChargePoint price prediction for 2030 indicates an average price target of $7.84, with a high forecast of $27.48 and a low forecast of $5.17. This average CHPT price prediction for 2030 reflects a +9.64% increase from the last price of $2.33.
ChargePoint Stock Price Prediction 2035
The ChargePoint stock is anticipated to begin 2035 at $25.81, experience a rise to $35.93 in the first half of the year, and conclude 2030 at $29.05. This ChargePoint stock price prediction for 2030 aligns with the federal government’s initiative to expand the number of public EV chargers in America, aiming for a target of 500,000.
ChargePoint Stock Price Prediction 2040
Considering the anticipated surge in demand for electric vehicles in the future, it’s reasonable to expect a substantial increase in demand for ChargePoint’s products. Experts, taking into account this rising demand, believe that ChargePoint stock has the potential to deliver favorable returns to its investors in the long term.
Based on our analysis for CHPT, the ChargePoint Stock Price Prediction 2040 is to range in the range of $18 to $22 in the next 10 years.
Why is ChargePoint (CHPT) Stock down?
ChargePoint incurred increased losses, reporting an 85% growth in operational losses compared to the previous year. The surge in losses was attributed, in part, to a $42 million impairment charge aimed at addressing supply overruns linked to product transitions and realigning inventory with current demand.
The significant decline in ChargePoint Holdings’ (CHPT.N) stock—nearly 38%—to a record low on Friday was driven by the company’s downward revision of its third-quarter revenue forecast and the replacement of key executives within the electric vehicle (EV) charging network. The market’s reaction reflects investor concerns about the company’s financial performance and leadership dynamics, contributing to a significant decrease in the CHPT stock value.
Conclusion
In conclusion, ChargePoint, with its strategic positioning in the electric vehicle charging infrastructure space, stands poised to benefit from the increasing demand for electric vehicles. As the world moves towards a more sustainable future, the demand for ChargePoint’s products is expected to rise significantly. Analysts project a positive trajectory for ChargePoint stock, forecasting a potential increase in value.
With government initiatives to expand public EV chargers, ChargePoint appears well-positioned to capitalize on this trend. Investors considering the long-term potential of sustainable technologies may find ChargePoint stock an appealing prospect for future returns.
Why is CHPT stock down today?
CHPT stock fell nearly 38% due to a revised Q3 revenue forecast, executive changes, increased operational losses, and a $42 million impairment charge.
What is ChargePoint Stock cost in 2025?
Based on the latest analyst’s forecast for CHPT shares ChargePoint stock may reach $14.32 in 2025 from the current price of USD 2.33.
What will be the long-term ChargePoint Stock Prediction?
ChargePoint’s stock is predicted to reach $4.50 by mid-2024, $6.45 by the end of 2025, $7.60 in 2027, $10.30 in 2030, and $13.10 by 2033
What will ChargePoint stock cost in 2030?
According to our technical analysis of the CHPT Stock forecast by experts, ChargePoint stock worth 2030 will be $27.48 reflecting a +9.64% increase from the last price of $2.33
Is ChargePoint a good stock to buy?
ChargePoint Holdings has a consensus rating of Moderate Buy, derived from 7 buy ratings, 12 hold ratings, and 0 sell ratings. The median price target for ChargePoint (CHPT) is $4.52.
