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EVGO
EVGO

EVgo (EVGO) Stock Forecast & Price Target

EVgo (EVGO) Analyst Ratings

Based on 17 analyst ratings
Buy
Strong Buy 29%
Buy 35%
Hold 29%
Sell 6%
Strong Sell 0%

Bulls say

EVgo demonstrates resilience against various market conditions, leveraging increased utilization amidst slower competing charging investments and benefitting from potential growth as electric vehicle (EV) adoption resumes. The company's network throughput for FY24 reached 277 GWh, marking a notable 116% year-over-year increase, and FY24 revenue was reported at $256.8 million, aligning with the company’s guidance and improving outlook for future gross margins. Additionally, the rise in Plugshare-registered users to approximately 6.1 million by 4Q24 and heightened charger utilization in key EV adoption areas bolster investor confidence in EVgo’s growth trajectory and the long-term profitability associated with an expanding EV charging infrastructure.

Bears say

The negative outlook on EVgo's stock is influenced by shifting investor sentiment towards electric vehicle investments, particularly following the November election, which has created additional pressure on the company's shares. Despite securing a $1.25 billion Department of Energy loan for growth, concerns persist regarding EVgo's ability to access further funding, similar to challenges faced by other green economy firms, thereby heightening uncertainty around its financial stability. Furthermore, the company has initiated FY25 revenue guidance that remains cautious amidst competitive pressures, deployment delays, ongoing supply chain disruptions, and significant operational losses, all of which compound the risks associated with scaling its business effectively.

EVgo (EVGO) has been analyzed by 17 analysts, with a consensus rating of Buy. 29% of analysts recommend a Strong Buy, 35% recommend Buy, 29% suggest Holding, 6% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of EVgo and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About EVgo (EVGO) Forecast

Analysts have given EVgo (EVGO) a Buy based on their latest research and market trends.

According to 17 analysts, EVgo (EVGO) has a Buy consensus rating as of Jul 26, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $7.26, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $7.26, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

EVgo (EVGO)


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