
EVgo (EVGO) Stock Forecast & Price Target
EVgo (EVGO) Analyst Ratings
Bulls say
EVgo's financial outlook is bolstered by a strong increase in network throughput, showing an 8.0% sequential rise and a significant 25.0% year-over-year surge, indicating robust demand for its charging services. The company anticipates a 35% year-over-year revenue growth for 2025, alongside expectations to achieve positive EBITDA by the fourth quarter of 2025, driven by improved throughput per stall, primarily due to the increasing adoption of 350 kW chargers. Additionally, the financing strategy, including a $300 million commercial bank facility and a projected annual deployment of up to 5,000 new stalls through 2029, further strengthens EVgo's growth prospects and operational scalability.
Bears say
The analysis highlights several factors contributing to a negative outlook on EVgo's stock. A slowdown in electric vehicle adoption, driven by weakened consumer sentiment, higher interest rates, and reduced production by legacy manufacturers, poses a significant risk to the company's growth trajectory. Additionally, EVgo's recent revenue of $92.3 million fell short of projections, indicating challenges in meeting expectations amidst increased competition in the DC Fast Charging market.
This aggregate rating is based on analysts' research of EVgo and is not a guaranteed prediction by Public.com or investment advice.
EVgo (EVGO) Analyst Forecast & Price Prediction
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