In this guide, we will discuss the ChargingPoint Stock Price Prediction for 2024, 2025, 2030, 2040, 2050, and 2060.
As a leading manufacturer company for electric vehicles, ChargingPoint (CHPT) has the potential to increase the demand for electric vehicles sold in future years. Recently, the stock of the ChargingPoint (CHPT) might reach $11.40 per share.
And experts predicted that it might have positive growth in the market in upcoming years. Till 2025, it is estimated that the average of the ChargingPoint stock crosses the price of $22.50.
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About ChargePoint Company
ChargePoint, an American electric vehicle (EV) infrastructure company, was established in 2007 as Coulomb Technologies by Richard Lowenthal, Dave Baxter, and Harjinder Bhade.
Based in Campbell, California, the company operates the largest online network of independently owned EV charging stations in 14 countries and develops the technology used in these stations.
In June 2017, ChargePoint acquired 9,800 EV charging spots from GE, bringing their total to 34,900 charging stations across Mexico, Australia, Canada, and the United States.
Since 2018, Pasquale Romano has served as CEO and president of the company. In November 2018, ChargePoint raised $240 million and managed 57,000 charging spots at the time.
In 2019, ChargePoint and VW’s Electrify America agreed to offer common access to their US customers.
By September 2019, the company reached 100,000 chargers, adding over 2,000 charging locations per month.
ChargePoint’s EV charging spots can now be found in both of Disney’s U.S. theme parks.
ChargePoint went public in February 2021 through a special-purpose acquisition company reverse merger and listed on the New York Stock Exchange (NYSE) under the ticker symbol “CHPT.
In January 2023, the company, along with Mercedes-Benz and MN8 Energy, announced plans to install 2,500 fast chargers at 400 charging hubs in the U.S., available to all EVs.
Financial Overview of ChargePoint Stock
| Parameters Name | Value/Price |
| Current Stock Price | $8.88 |
| Market Cap | 3.14B |
| Enterprise Value | 3.17B |
| Price/Sales (TTM) | 5.89 |
| Enterprise Value/Revenue | 6.14 |
| Price/Book (MRQ) | 9.58 |
| Enterprise Value/EBITDA | -10.61 |
| 52 Week Low/High | $7.82/$19.92 |
| 50/200 Day Moving Average | $8.83/$11.35 |
| S&P500 52-Week Change | -4.20% |
| Official Website | https://www.chargepoint.com/ |
ChargingPoint Stock History
ChargingPoint Holdings is a well-known industry for manufacturing and selling electric charging stations. This holding contains charging stations for electric vehicles, public spaces, homes, and offices.
Currently, it manages to charge stations for more than 34900 countries, including Australia and Canada. In addition, more than 30,000 customers worldwide use the ChargingPoint services.
It was started in 2007 by a team of four developers Richard Lowenthal, Harjinder Bhade, Dave Baxter, and Praveen Mandal. Moreover, the current CEO of the company is Pasquale Romano.
ChargingPoint Stock Price Prediction (2024-2060)
| Year | Minimum Stock Price | Average | Maximum Stock Price |
| 2024 | $11.48 | $13.60 | $14.31 |
| 2025 | $21.05 | $23.09 | $25.12 |
| 2026 | $25.35 | $28.60 | $31.84 |
| 2027 | $31.81 | $35.92 | $40.06 |
| 2028 | $39.70 | $41.36 | $42.99 |
| 2029 | $42.55 | $44.95 | $47.73 |
| 2030 | $48.89 | $50.78 | $52.72 |
| 2035 | $110 | $134 | $160 |
| 2040 | $172.15 | $191.60 | $211.04 |
| 2045 | $346 | $382.5 | $418 |
| 2050 | $790 | $816 | $840 |
| 2055 | $1129 | $1163.4 | $1198 |
| 2060 | $1399 | $1433.7 | $1469 |
ChargingPoint (CHPT) Stock Price Prediction 2024
Market analysts expect that ChargingPoint stock price may show a negative trend in 2024. So, the minimum ChargingPoint stock price may be around $11.48 and the maximum may be around $14.31.
Therefore, the average ChargingPoint stock price may be around $14.31 in 2024. However, market experts iterate that investors should make their own decisions before investing in any stock.
ChargingPoint Stock Price Prediction 2025
ChargingPoint Holding contains strong fundamental plans that have the potential to show signification growth in the long term. According to analysts’ findings, By 2025, the highest projected price of the ChargingPoint maybe $25.12, while the lowest projected price remains at $21.05.
ChargingPoint Stock Price Prediction 2030
Currently, ChargingPoint has 163,000 charging points across the globe. In 2030, the federal government may have a target to increase 500,000 EV charges in the USA, which is a big opportunity for ChargingPoint company. Also, it is clear that the company already gained high profits in the market, and with the development in the forecast years, ChargingPoint may be one of the largest profitable companies.
It is predicted that the ChargingPoint stock may reach a $52.72 high with an average of $50.78. While the target price may go as low as $48.89 if a few charging ports are not working well.
ChargingPoint(CHPT) Stock Price Forecast 2035
If the ChargingPoint network expands in more countries, it happens that ChargingPoint’s target price might reach a maximum of $160, where the possible average should be $134. Some analyst also expects a negative trend in the middle of 2035 that estimated minimum price of around $110.
ChargingPoint Stock Price Prediction 2040
2040 might be a good year for ChargingPoint Stock if it increases the investment rate rapidly. Our forecast model says that the stock might have a target to climb a maximum of $211.04 by the end of 2040. Moreover, if the ChargingPoint market is bearish, the minimum expected stock price is around $172.15. Here, the estimated average for the whole year could be $191.60.
ChargingPoint(CHPT) Stock Price Forecast 2045
According to financial experts’ prediction, the CHPT market price will range between $346 and $418 by 2045. That time, the highest CHPT price may be $346, while the target average maybe $382.5 in 2045.
ChargingPoint Stock Price Prediction 2050
In the year 2050, Charging will be the leading industry in the trading market, where the expected ChargingPoint share may reach a high of $840 while as low as $790. If we calculate the average of the lowest and highest target price, it is nearly $816.
In addition, ChargingPoint also provides a sustainable transportation facility for EV vehicles that attract investors quickly. So, it is forecast that ChargingPoint may achieve new heights this year.
ChargingPoint(CHPT) Stock Price Prediction 2055
By the year 2055, if the ChargingPoint market has stable growth and a good profit ratio, the expert predicts high revenue at the end of the year. Here, the CHPT share price opens at $1129 and closes at $1198 with a projected average of $1163.4.
ChargingPoint Stock Price Prediction 2060
If ChargingPoint has a solid business model, by the year 2060, it has the potential to generate high revenue in the market. The maximum CHPT share during the year might be $1469 with a target average of $1433.7. If the CHPT market shares negative news, it is also possible that the share price may go $1399 lower.
FAQ:
How Was ChargePoint Earning Q3?
In the third quarter, ChargePoint Holdings reported approximately 80% revenue growth, as its earnings jumped to $65.0 million from $36.4 million in the same quarter last year.
In this period, networked charging revenue also increased, which was $22.6 million last year and has doubled to $47.5 million in quarter three.
Apart from this, a growth of 24% has been seen in the subscription revenue of ChargingPoint.
But even after all this revenue growth, Chargepoint’s GAAP net loss is close to $70 million. This is simply because, at this point, the ChargePoint company is spending a lot on its expenses.
What is the future of ChargePoint stock?
According to 13 stock analysts, the average 12-month stock price forecast for CHPT stock stock is $7.55, which predicts an increase of 238.57%. The lowest target is $2.00 and the highest is $17. On average, analysts rate CHPT stock stock as a buy.
What is the target price for ChargePoint?
The 16 analysts offering 12-month price forecasts for ChargePoint Holdings Inc have a median target of 3.50, with a high estimate of 6.00 and a low estimate of 2.00. The median estimate represents a +65.09% increase from the last price of 2.12.
Is Chargepoint Stock A Good Buy?
Wall Street analysts have made predictions about ChargePoint stocks. Ten of them have given the stock a Strong Buy rating, and three have given it a Hold rating.
ChargePoint Holdings, Inc.’s stock price has been all over the place in recent years, with different values and ongoing debates about the company’s security.
In the recent quarter, the company performed strongly in finances; even then, many investors were skeptical about the stock’s prospects. Recently, the changes in the price of CHPT stock have made it hard for experts to decide.
Still, many experts say ChargePoint’s newly launched network for charging electric cars (EVs) could significantly impact the company’s future. This network is expected to not only get more people interested in buying EVs but also to help big players in the industry work together on important projects.
ChargePoint is in an excellent situation to gain from the growing trend of cars switching from dirty fuels to renewable energy technologies. Over time, as the demand for Electric Vehicles (EVs) rises, many charging points are needed, which definitely will increase its stock price in the coming months. So, even though some people may think ChargePoint stock is overpriced right now, the long-term picture looks good.
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Final Words
According to the ChargingPoint stock price prediction listed above, it is clear that as the market grows continuously, EV vehicle charger sales increase rapidly. Also, the industry contains strong partnerships with automakers, and expanding the business network in more areas will help ChargingPoint achieve a top position in the market.
