
EVgo (EVGO) Stock Forecast & Price Target
EVgo (EVGO) Analyst Ratings
Bulls say
EVgo Inc. has demonstrated significant growth in network throughput, reporting an 8.0% increase sequentially and a remarkable 25.0% year-over-year increase, indicating strong demand for its charging services. The company's financial outlook anticipates a 35% increase in revenues for 2025 along with expectations of becoming EBITDA positive in the fourth quarter of 2025, supported by an efficient deployment strategy including the installation of faster 350 kW chargers. Additionally, anticipated increases in ancillary revenue, particularly from dedicated hubs serving autonomous vehicle partners, further bolster the positive financial outlook for EVgo as it continues to enhance its market position and operational efficiency.
Bears say
EVgo Inc. faces significant challenges that contribute to a negative outlook on its stock, primarily due to a slowing trajectory of electric vehicle (EV) adoption, which is expected to impact revenue growth adversely. The company reported total revenue of $92.3 million, falling short of projections, declining sequentially by 5.8%, and indicating a reduction in competitive advantages as increased supply of DC Fast Charging stations pressures its profitability. Moreover, weakening consumer sentiment towards EVs, coupled with higher interest rates and reduced production plans from legacy automakers, further complicates the company's growth prospects amidst rising competitive pressures.
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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