
EVgo (EVGO) Stock Forecast & Price Target
EVgo (EVGO) Analyst Ratings
Bulls say
EVgo has demonstrated a strong growth trajectory with a total network throughput of 95.0 GWh, reflecting an 8% increase sequentially and a significant 25% rise year-over-year, positioning the company favorably for revenue growth estimated at approximately 35% for 2025. The company's shift towards a higher proportion of 350 kW chargers has led to a notable increase in average daily throughput per stall, which rose 16% to 295 kWh compared to the previous quarter, suggesting enhanced operational efficiency and charging capabilities. Additionally, EVgo's strategic partnerships and robust financing mechanisms, including a $300 million commercial bank financing facility and plans to deploy up to 5,000 new stalls annually through 2029, underpin its positive outlook for future growth and profitability.
Bears say
EVgo's outlook is negatively affected by a projected slowdown in electric vehicle (EV) adoption, which is anticipated to increase competitive pressure and hinder revenue growth, potentially resulting in flat revenues year-over-year into 2026. The company reported total revenue of $92.3 million, which was 4.9% below projections and displayed a sequential decline of 5.8%, raising concerns about its ability to meet growth expectations amid heightened competition within the DC fast charging market. Additionally, challenges such as weakened consumer sentiment toward EVs, high-interest rates, and reduced production from legacy OEMs further contribute to the uncertainty surrounding EVgo's long-term financial performance.
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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