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

EVgo (NASDAQ:EVGO) had its price target reduced by equities researchers at Stifel Nicolaus from $7.50 to $7.00 in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 205.68% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. UBS Group boosted their price objective on shares of EVgo from $5.40 to $5.90 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of EVgo in a report on Thursday, January 22nd. Benchmark reissued a “buy” rating on shares of EVgo in a research report on Monday. Finally, Cantor Fitzgerald decreased their target price on EVgo from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Wednesday. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.27.

EVgo Stock Down 9.1%

Shares of NASDAQ EVGO opened at $2.29 on Wednesday. The stock has a market capitalization of $705.27 million, a PE ratio of -7.16 and a beta of 2.63. The firm has a fifty day moving average of $2.97 and a 200-day moving average of $3.54. EVgo has a 52-week low of $2.27 and a 52-week high of $5.18.

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

Hedge Funds Weigh In On EVgo

Several institutional investors and hedge funds have recently made changes to their positions in the business. 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 acquiring an additional 5,508 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in EVgo in the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd grew its holdings 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 purchasing an additional 9,659 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of EVgo during the 4th quarter worth approximately $32,000. Finally, Fullerton Advisors LLC bought a new stake in shares of EVgo in the 4th quarter worth approximately $36,000. 17.44% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting EVgo

Here are the key news stories impacting EVgo this week:

• Positive Sentiment: Q4 results beat estimates: EVgo reported a narrower-than-expected loss and revenue jumped ~75% year-over-year, helped by an ancillary contract payment and charging-network growth — a key fundamental driver supporting the stock. EVgo Q4 Loss Narrower Than Expected, Revenues Increase Y/Y
• Positive Sentiment: Company says it has “surged to profitability” by siting chargers where usage is strong — management messaging and operational progress can support longer-term margin improvement and investor confidence. EVgo surges to profitability by putting chargers ‘where people are,’ CEO says
• Positive Sentiment: Network expansion acceleration: EVgo is targeting 1,400–1,650 new stalls in 2026 and accelerating NACS rollout — growth cadence that could materially increase revenue per stall over time. Evgo targets 1,400–1,650 new stalls in 2026
• Neutral Sentiment: Broker consensus remains generally constructive (consensus “Moderate Buy”), which offsets some negative reactions but leaves valuation and timing questions open. EVgo Given Consensus Rating of “Moderate Buy”
• Neutral Sentiment: Short-interest note in the data feed shows a large reported change but the entry contains zero shares/NaN and is likely a reporting/data error — not a confirmed driver of today’s move.
• Negative Sentiment: Analyst price-target trims: Several firms lowered targets (RBC to $4.50, Cantor Fitzgerald to $6.00, Stifel to $7.00) even while keeping positive ratings — the downgrades of upside targets likely contributed to selling pressure despite constructive ratings. Benzinga Stifel PT Lowered to $7
• Negative Sentiment: Market reaction / profit-taking: several outlets note the stock dipped despite the strong quarter, suggesting short-term traders are locking in gains and pushing the price below key moving averages. EVgo Stock Dips Despite Historic Profit

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.