Stifel Nicolaus Lowers EVgo (NASDAQ:EVGO) Price Target to $7.00

EVgo (NASDAQ:EVGO) had its price objective cut by equities researchers at Stifel Nicolaus from $7.50 to $7.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 161.19% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Benchmark restated a “buy” rating on shares of EVgo in a research note on Monday. UBS Group raised their target price on shares of EVgo from $5.40 to $5.90 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Cantor Fitzgerald lowered their price target on shares of EVgo from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of EVgo in a research report on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5.40.

EVgo Price Performance

Shares of EVGO opened at $2.68 on Wednesday. The company has a market cap of $825.39 million, a PE ratio of -6.87 and a beta of 2.63. The firm has a 50-day moving average of $3.00 and a 200-day moving average of $3.55. EVgo has a one year low of $2.19 and a one year high of $5.18.

EVgo (NASDAQ:EVGO) last released its quarterly earnings results on Tuesday, March 3rd. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.10. The company had revenue of $118.47 million during the quarter. The firm’s revenue for the quarter was up 75.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.11) earnings per share. Analysts expect that EVgo will post -0.45 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Quarry LP boosted its stake in EVgo by 145.0% during the 4th quarter. Quarry LP now owns 9,307 shares of the company’s stock valued at $27,000 after purchasing an additional 5,508 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of EVgo during the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd boosted its position in shares of EVgo by 4,903.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 9,856 shares of the company’s stock valued at $29,000 after buying an additional 9,659 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in EVgo in the 3rd quarter worth about $49,000. Finally, Balyasny Asset Management L.P. purchased a new position in EVgo in the 4th quarter worth about $32,000. 17.44% of the stock is currently owned by hedge funds and other institutional investors.

Key EVgo News

Here are the key news stories impacting EVgo this week:

• Positive Sentiment: Q4 outperformance — EVgo reported Q4 revenue of about $118M (up ~75% year-over-year) and an EPS loss of $0.04 that beat estimates, with record charging-network revenue (~$64M). This confirms accelerating top-line growth and stronger network monetization. EVGO : EVgo Q4 Earnings Summary & Key…
• Positive Sentiment: Network expansion / product rollout — Management expects to add roughly 1,400–1,650 new stalls in 2026 and is accelerating NACS (Tesla connector) rollout, which should increase accessible charging capacity and could boost utilization and revenue mix over time. Evgo targets 1,400–1,650 new stalls in 2026 as company accelerates NACS rollout and network expansion
• Positive Sentiment: Brokerage sentiment — Aggregate analyst coverage shows a consensus rating around “Moderate Buy,” which supports momentum if growth execution continues. EVgo Inc. (NASDAQ:EVGO) Given Consensus Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Short-interest notices appear in reports but show anomalous/zero values (0 shares/NaN), so they don’t provide reliable near-term insight into positioning. No actionable short-interest signal from the available data.
• Negative Sentiment: 2026 guidance came in below Street revenue expectations — EVgo set 2026 revenue guidance of roughly $410M–$470M versus a consensus near ~$481M, and gave adjusted-EBITDA guidance around $(20)M to $20M, leaving upside limited versus current estimates and increasing the risk of near-term multiple compression. EVgo Inc. Reports Record Fourth Quarter and Full Year 2025 Results

About EVgo

EVgo operates one of the largest public electric vehicle (EV) fast-charging networks in the United States, delivering direct current (DC) fast charging and Level 2 charging services to passenger vehicles and commercial fleets. The company’s charging stations are strategically located in urban centers, suburban shopping areas, workplace parking facilities, and along major highway corridors, enabling convenient access for EV drivers and promoting long-distance travel.

The company offers a suite of charging solutions, including subscription plans, pay-per-use options, and fleet charging services tailored to the needs of ride-hailing, delivery, and corporate vehicle fleets.