EVgo (NASDAQ:EVGO) Price Target Cut to $6.00 by Analysts at Cantor Fitzgerald

EVgo (NASDAQ:EVGO) had its price objective lowered by Cantor Fitzgerald from $7.00 to $6.00 in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

EVGO has been the topic of a number of other reports. Weiss Ratings restated a “sell (d-)” rating on shares of EVgo in a report on Thursday, January 22nd. Stifel Nicolaus dropped their target price on shares of EVgo from $8.00 to $7.50 and set a “buy” rating on the stock in a research note on Tuesday, November 25th. UBS Group lifted their price target on shares of EVgo from $5.40 to $5.90 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Finally, Benchmark reissued a “buy” rating on shares of EVgo in a research note on Monday. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, EVgo presently has an average rating of “Moderate Buy” and an average price target of $5.27.

EVgo Trading Down 6.0%

EVGO stock opened at $2.52 on Wednesday. The stock has a market cap of $776.11 million, a PE ratio of -7.88 and a beta of 2.63. EVgo has a 12 month low of $2.30 and a 12 month high of $5.18. The company has a 50-day moving average price of $2.99 and a 200 day moving average price of $3.54.

EVgo (NASDAQ:EVGO) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.10. The firm had revenue of $118.47 million during the quarter. During the same quarter in the prior year, the business earned ($0.11) earnings per share. EVgo’s revenue for the quarter was up 75.5% compared to the same quarter last year. Sell-side analysts forecast that EVgo will post -0.45 EPS for the current year.

Institutional Trading of EVgo

A number of hedge funds have recently bought and sold shares of EVGO. Vanguard Group Inc. lifted its stake in shares of EVgo by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 12,399,808 shares of the company’s stock worth $58,651,000 after purchasing an additional 157,376 shares during the last quarter. State Street Corp boosted its holdings in shares of EVgo by 59.3% in the 4th quarter. State Street Corp now owns 6,346,462 shares of the company’s stock valued at $18,468,000 after buying an additional 2,362,435 shares in the last quarter. Millennium Management LLC grew its position in shares of EVgo by 25.9% in the 1st quarter. Millennium Management LLC now owns 5,819,392 shares of the company’s stock worth $15,480,000 after buying an additional 1,195,470 shares during the last quarter. Soros Fund Management LLC grew its position in shares of EVgo by 342.2% in the 2nd quarter. Soros Fund Management LLC now owns 4,976,983 shares of the company’s stock worth $18,166,000 after buying an additional 3,851,583 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of EVgo by 111.0% during the 4th quarter. Invesco Ltd. now owns 4,424,683 shares of the company’s stock worth $12,876,000 after acquiring an additional 2,327,545 shares in the last quarter. Hedge funds and other institutional investors own 17.44% of the company’s stock.

More EVgo News

Here are the key news stories impacting EVgo this week:

• Positive Sentiment: Reported a strong Q4 and FY‑2025: Q4 revenue $118M (up 75% y/y) and EPS beat analysts’ estimates, and full‑year revenue rose ~50% — underlying business growth and margin progress support long‑term thesis. Read More.
• Positive Sentiment: Company is accelerating network rollout and NACS conversion, targeting 1,400–1,650 new stalls in 2026 — growth initiatives that can expand utilization and charging revenue. Read More.
• Neutral Sentiment: Corporate outlook: EVgo initiated FY‑2026 guidance of $410–$470M revenue and adjusted EBITDA of $(20)–$20M — it provides a framework for 2026 but leaves a wide earnings band. Read More.
• Neutral Sentiment: Brokerage consensus remains constructive overall (consensus “Moderate Buy”), showing continuing analyst support despite near‑term noise. Read More.
• Negative Sentiment: Several analysts cut price targets (RBC to $4.50, Cantor Fitzgerald to $6.00, Stifel to $7.00) — these downward revisions, even with buy/outperform ratings retained, likely pressured the stock. Read More. Read More.
• Negative Sentiment: FY‑2026 revenue guidance came in below Street expectations (~$480.8M), creating near‑term earnings uncertainty and giving investors a reason to trim positions. Read More.
• Neutral Sentiment: Market reaction: higher volume than average is amplifying moves; recent short‑interest data is noisy/unreliable in reports and not clearly explanatory for today’s decline. Read More.

EVgo Company Profile

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.