UBS Group Issues Positive Forecast for EVgo (NASDAQ:EVGO) Stock Price

Market Beat
2025.11.12 21:41
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UBS Group has raised its price target for EVgo (NASDAQ:EVGO) from $5.40 to $5.90, maintaining a "buy" rating. This suggests a potential upside of 76.65% from the current price. Other analysts have mixed views, with Morgan Stanley setting a target of $4.50 and Needham reaffirming a "hold" rating. EVgo's stock is currently trading at $3.34, with a market cap of $1.03 billion and a P/E ratio of -8.15. The company reported a 36.7% revenue increase year-over-year, with quarterly earnings beating estimates.

EVgo (NASDAQ:EVGO - Get Free Report) had its price target increased by stock analysts at UBS Group from $5.40 to $5.90 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. UBS Group's price objective would suggest a potential upside of 76.65% from the stock's current price.

  • EVgo's 37% Revenue Growth: Forget the Car, Buy the Gas Station

A number of other research analysts also recently issued reports on the company. Morgan Stanley increased their price objective on EVgo from $4.00 to $4.50 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of EVgo in a research report on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of EVgo in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $5.90.

Get Our Latest Stock Report on EVGO

EVgo Price Performance

  • EV Charging Solutions: GM's Move Reflects Industry Challenges

EVGO traded down $0.10 during trading on Tuesday, reaching $3.34. The company had a trading volume of 3,862,060 shares, compared to its average volume of 4,366,692. The business's fifty day moving average price is $4.27 and its 200 day moving average price is $3.91. EVgo has a 12 month low of $2.19 and a 12 month high of $7.15. The company has a market cap of $1.03 billion, a P/E ratio of -8.15 and a beta of 2.35.

EVgo (NASDAQ:EVGO - Get Free Report) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.09. The company had revenue of $92.30 million during the quarter, compared to the consensus estimate of $94.42 million. The company's revenue was up 36.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.11) earnings per share. EVgo has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that EVgo will post -0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On EVgo

  • The Squeeze Is On For EVGo, Rally To Follow

Hedge funds and other institutional investors have recently made changes to their positions in the company. Summit Securities Group LLC acquired a new position in EVgo during the first quarter worth $30,000. Ballentine Partners LLC acquired a new position in shares of EVgo during the 1st quarter worth about $32,000. Hsbc Holdings PLC bought a new stake in shares of EVgo in the 1st quarter valued at about $38,000. Ethic Inc. bought a new stake in shares of EVgo in the 2nd quarter valued at about $38,000. Finally, Banco BTG Pactual S.A. acquired a new stake in EVgo in the 2nd quarter valued at about $41,000. 17.44% of the stock is owned by institutional investors.

EVgo Company Profile

(Get Free Report)

EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.

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