ChargePoint Holdings (CHPT) Stock Forecast & Price Target

ChargePoint Hldgs is supported by a stronger fundamental setup as F2Q27 revenue of $116.1M exceeded guidance and estimates, driven by robust hardware shipments and particularly strong home sales, while networked charging systems revenue rose 18% Q/Q and 25% Y/Y. Margin performance also improved meaningfully, with non-GAAP gross margin reaching 38.4% and normalized near 35% excluding a $4M tariff refund, as non-GAAP opex fell to $52.3M and is expected to move below $50M per quarter, improving EBITDA leverage. The company’s software-first, capital-light model, expanding managed ports and monthly active users, and early traction from new products like Express Solo, alongside Europe strength and inventory reduction, support a credible path toward better profitability and reduced cash usage.

ChargePoint Hldgs is challenged by a business model that still depends on external funding, as growth requires access to capital while the company has not generated positive net income and may need debt or equity financing to cover cash needs. Its outlook is further pressured by regulatory and adoption risk, since revenue growth depends on EV policy support and a market that remains young, while slower U.S. EV adoption could delay charger demand and customer spending. Competitive pressure and margin uncertainty also weigh on fundamentals, because ChargePoint risks losing its leadership in Level 2 AC charging and still needs new products to support a path toward 30% hardware gross margins over time.