EVgo (EVGO) Stock Forecast, Price Target & Predictions

OverviewRevenue Ownership Financials Chart Transcripts

EVGO Stock Forecast

EVgo stock forecast is as follows: an average price target of $6.88 (represents a 57.80% upside from EVGO’s last price of $4.36) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.

EVGO Price Target

The average price target for EVgo (EVGO) is $6.88 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $8.50 to $5.00. This represents a potential 57.80% upside from EVGO's last price of $4.36.

EVGO Analyst Ratings

Buy

According to 8 Wall Street analysts, EVgo's rating consensus is 'Buy'. The analyst rating breakdown for EVGO stock is 0 'Strong Buy' (0.00%), 7 'Buy' (87.50%), 1 'Hold' (12.50%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

EVgo Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 10, 2024	William Grippin	UBS	$8.50	$6.97	21.86%	94.95%
Oct 09, 2024	Christopher Dendrinos	RBC Capital	$8.00	$6.67	19.94%	83.49%
Aug 06, 2024	Stephen Gengaro	Stifel Nicolaus	$6.00	$3.74	60.43%	37.61%
Aug 02, 2024	Andres Sheppard	Cantor Fitzgerald	$5.00	$3.62	38.12%	14.68%
Jul 22, 2024	William Grippin	UBS	$4.00	$3.54	12.99%	-8.26%
May 09, 2024	Andres Sheppard	Cantor Fitzgerald	$4.00	$1.75	128.57%	-8.26%
Sep 08, 2023	Chris Dendrinos	RBC Capital	$5.00	$3.62	38.12%	14.68%
May 12, 2022	Maheep Mandloi	Credit Suisse	$14.00	$7.17	95.26%	221.10%
Apr 28, 2022		Cantor Fitzgerald	$14.00	$9.56	46.44%	221.10%
Apr 21, 2022		Tudor Pickering	$16.00	$9.96	60.64%	266.97%

The latest EVgo stock forecast, released on Oct 10, 2024 by William Grippin from UBS, set a price target of $8.50, which represents a 21.86% increase from the stock price at the time of the forecast ($6.97), and a 94.95% increase from EVGO last price ($4.36).

EVgo Price Target by Period

	1M	3M	12M
# Anlaysts	-	2	6
Avg Price Target	-	$8.25	$5.92
Last Closing Price	$4.36	$4.36	$4.36
Upside/Downside	-100.00%	89.22%	35.78%

In the current month, the average price target of EVgo stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to EVgo's last price of $4.36. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Dec 13, 2024	RBC Capital	Outperform	Outperform	Hold
Oct 09, 2024	RBC Capital	Outperform	Outperform	Hold
Oct 03, 2024	Cowen & Co.		Buy	Upgrade
Sep 23, 2024	UBS	Buy	Buy	Hold
Aug 29, 2024	UBS	Buy	Buy	Hold
Aug 06, 2024	UBS	Buy	Buy	Hold
Aug 02, 2024	Cantor Fitzgerald	Overweight	Overweight	Hold
Jul 22, 2024	UBS		Neutral	Initialise
Jul 12, 2024	Benchmark	Buy	Buy	Hold
Jun 05, 2024	Benchmark		Buy	Initialise
Apr 01, 2024	Citigroup	Neutral	Neutral	Hold
Mar 06, 2024	RBC Capital	Sector Perform	Outperform	Upgrade
Sep 08, 2023	RBC Capital		Sector Perform	Initialise
Jun 20, 2023	Citigroup	Neutral	Neutral	Hold
Jan 06, 2023	Evercore ISI	Outperform	Outperform	Hold
May 12, 2022	Credit Suisse		Outperform	Upgrade
Apr 28, 2022	Cantor Fitzgerald		Overweight	Initialise

EVgo's last stock rating was published by RBC Capital on Dec 13, 2024. The company gave EVGO a "Outperform" rating, the same as its previous rate.

EVgo Financial Forecast

EVgo Revenue Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$35.11M	$50.55M	$25.30M	$27.30M	$10.51M	$9.08M	$7.70M	$7.12M	$6.18M
Avg Forecast	$273.51M	$260.74M	$245.70M	$233.58M	$186.19M	$176.59M	$163.19M	$150.16M	$128.72M	$122.08M	$110.40M	$96.10M	$104.24M	$93.68M	$84.43M	$73.28M	$69.07M	$66.52M	$59.40M	$52.41M	$43.93M	$29.62M	$29.46M	$27.34M	$19.92M	$13.27M	$10.90M	$8.80M	$6.09M	$5.38M
High Forecast	$282.88M	$269.67M	$254.11M	$241.58M	$192.56M	$182.64M	$168.77M	$155.30M	$133.12M	$126.26M	$114.18M	$99.39M	$107.81M	$96.89M	$87.33M	$74.77M	$70.94M	$67.24M	$59.40M	$52.41M	$47.45M	$29.95M	$30.46M	$28.27M	$20.60M	$13.27M	$10.90M	$8.80M	$6.09M	$5.38M
Low Forecast	$255.89M	$243.94M	$229.87M	$218.53M	$174.19M	$165.21M	$152.67M	$140.49M	$120.43M	$114.21M	$103.29M	$89.91M	$97.52M	$87.64M	$79.00M	$70.37M	$65.52M	$65.80M	$59.40M	$52.41M	$40.31M	$29.29M	$27.56M	$25.58M	$18.63M	$13.27M	$10.90M	$8.80M	$6.09M	$5.38M
# Analysts	4	4	4	4	3	3	3	3	3	3	3	3	4	4	4	6	8	4	3	4	7	5	6	3	2	2	2	2	3	4
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.19%	1.72%	0.93%	1.37%	0.79%	0.83%	0.88%	1.17%	1.15%

EVgo's average Quarter revenue forecast for Dec 23 based on 7 analysts is $43.93M, with a low forecast of $40.31M, and a high forecast of $47.45M. EVGO's average Quarter revenue forecast represents a 25.13% increase compared to the company's last Quarter revenue of $35.11M (Sep 23).

EVgo EBITDA Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	4	4	4	4	3	3	3	3	3	3	3	3	4	4	4	6	8	4	3	4	7	5	6	3	2	2	2	2	3	4
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-19.64M	$-11.79M	$-23.06M	$-33.63M	$-35.54M	$-37.02M	$-25.05M	$-4.72M	$12.55M
Avg Forecast	$-242.40M	$-231.08M	$-217.75M	$-207.01M	$-165.01M	$-156.50M	$-144.62M	$-133.08M	$-114.07M	$-108.19M	$-97.84M	$-85.17M	$-92.38M	$-83.02M	$-74.83M	$-64.94M	$-61.21M	$-58.95M	$-52.64M	$-46.45M	$-38.93M	$-26.25M	$-26.10M	$-24.23M	$-17.65M	$-12.25M	$-10.06M	$-3.88K	$-5.62M	$-4.97M
High Forecast	$-226.79M	$-216.20M	$-203.72M	$-193.68M	$-154.38M	$-146.42M	$-135.31M	$-124.51M	$-106.73M	$-101.22M	$-91.54M	$-79.68M	$-86.43M	$-77.67M	$-70.01M	$-62.36M	$-58.07M	$-58.31M	$-52.64M	$-46.45M	$-35.73M	$-25.96M	$-24.42M	$-22.67M	$-16.52M	$-12.25M	$-10.06M	$-3.10K	$-5.62M	$-4.97M
Low Forecast	$-250.70M	$-238.99M	$-225.21M	$-214.10M	$-170.66M	$-161.86M	$-149.58M	$-137.64M	$-117.98M	$-111.89M	$-101.19M	$-88.08M	$-95.54M	$-85.86M	$-77.39M	$-66.26M	$-62.87M	$-59.59M	$-52.64M	$-46.45M	$-42.05M	$-26.55M	$-27.00M	$-25.06M	$-18.26M	$-12.25M	$-10.06M	$-4.65K	$-5.62M	$-4.97M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.75%	0.45%	0.95%	1.90%	2.90%	3.68%	6458.48%	0.84%	-2.53%

3 analysts predict EVGO's average Quarter EBITDA for Dec 21 to be $-5.62M, with a high of $-5.62M and a low of $-5.62M. This is -144.80% lower than EVgo's previous annual EBITDA (Sep 21) of $12.55M.

EVgo Net Income Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	4	4	4	4	3	3	3	3	3	3	3	3	4	4	4	6	8	4	3	4	7	5	6	3	2	2	2	2	3	4
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-9.72M	$-7.03M	$-49.08M	$-17.05M	$-13.22M	$-89.89M	$-55.27M	$-46.36M	$6.13M
Avg Forecast	-	-	-	-	-	-	-	-	$-9.16M	$-9.18M	$-9.03M	$-9.60M	$-8.09M	$-9.11M	$-9.30M	$-10.14M	$-10.48M	$-11.83M	$-11.05M	$-11.55M	$-17.76M	$-20.74M	$-25.64M	$-20.52M	$-16.84M	$-17.20M	$-10.35M	$-7.92K	$-9.27M	$-8.29M
High Forecast	-	-	-	-	-	-	-	-	$-8.39M	$-8.41M	$-8.27M	$-8.79M	$-7.41M	$-8.35M	$-8.52M	$-9.12M	$-9.43M	$-10.84M	$-10.13M	$-10.59M	$-7.27M	$-19.00M	$-23.50M	$-18.80M	$-15.43M	$-17.20M	$-10.35M	$-6.33K	$-9.27M	$-8.29M
Low Forecast	-	-	-	-	-	-	-	-	$-9.57M	$-9.59M	$-9.43M	$-10.02M	$-8.45M	$-9.52M	$-9.71M	$-11.15M	$-11.53M	$-12.36M	$-11.55M	$-12.07M	$-28.26M	$-21.66M	$-26.79M	$-21.43M	$-17.59M	$-17.20M	$-10.35M	$-9.50K	$-9.27M	$-8.29M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.47%	0.27%	2.39%	1.01%	0.77%	8.69%	6978.91%	5.00%	-0.74%

EVgo's average Quarter net income forecast for Dec 21 is $-9.27M, with a range of $-9.27M to $-9.27M. EVGO's average Quarter net income forecast represents a -251.26% decrease compared to the company's last Quarter net income of $6.13M (Sep 21).

EVgo SG&A Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	4	4	4	4	3	3	3	3	3	3	3	3	4	4	4	6	8	4	3	4	7	5	6	3	2	2	2	2	3	4
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$32.00M	$34.33M	$37.89M	$36.78M	$32.32M	$32.18M	$25.43M	$24.86M	$20.88M
Avg Forecast	$555.98M	$530.01M	$499.44M	$474.81M	$378.47M	$358.96M	$331.72M	$305.24M	$261.65M	$248.15M	$224.41M	$195.34M	$211.89M	$190.42M	$171.63M	$148.96M	$140.40M	$135.22M	$120.74M	$106.54M	$89.30M	$60.21M	$59.88M	$55.57M	$40.49M	$27.17M	$22.32M	$13.98K	$12.47M	$11.02M
High Forecast	$575.02M	$548.16M	$516.54M	$491.07M	$391.43M	$371.25M	$343.07M	$315.69M	$270.61M	$256.64M	$232.10M	$202.03M	$219.15M	$196.94M	$177.51M	$151.98M	$144.21M	$136.68M	$120.74M	$106.54M	$96.45M	$60.89M	$61.93M	$57.47M	$41.87M	$27.17M	$22.32M	$16.78K	$12.47M	$11.02M
Low Forecast	$520.17M	$495.87M	$467.27M	$444.22M	$354.09M	$335.84M	$310.35M	$285.58M	$244.79M	$232.16M	$209.96M	$182.76M	$198.24M	$178.16M	$160.58M	$143.04M	$133.18M	$133.75M	$120.74M	$106.54M	$81.95M	$59.54M	$56.02M	$51.99M	$37.88M	$27.17M	$22.32M	$11.19K	$12.47M	$11.02M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.53%	0.57%	0.68%	0.91%	1.19%	1.44%	1818.23%	1.99%	1.89%

EVgo's average Quarter SG&A projection for Dec 23 is $89.30M, based on 7 Wall Street analysts, with a range of $81.95M to $96.45M. The forecast indicates a 179.05% rise compared to EVGO last annual SG&A of $32.00M (Sep 23).

EVgo EPS Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	4	4	4	4	3	3	3	3	3	3	3	3	4	4	4	6	8	4	3	4	7	5	6	3	2	2	2	2	3	4
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-0.09	$-0.08	$-0.69	$-0.25	$-0.19	$-1.31	$-0.81	$-0.68	$0.09
Avg Forecast	-	-	-	-	-	-	-	-	$-0.09	$-0.09	$-0.09	$-0.09	$-0.08	$-0.09	$-0.09	$-0.10	$-0.10	$-0.11	$-0.10	$-0.11	$-0.17	$-0.20	$-0.24	$-0.19	$-0.16	$-0.16	$-0.10	$-0.12	$-0.09	$-0.08
High Forecast	-	-	-	-	-	-	-	-	$-0.08	$-0.08	$-0.08	$-0.08	$-0.07	$-0.08	$-0.08	$-0.09	$-0.09	$-0.10	$-0.10	$-0.10	$-0.07	$-0.18	$-0.22	$-0.18	$-0.15	$-0.16	$-0.10	$-0.12	$-0.09	$-0.08
Low Forecast	-	-	-	-	-	-	-	-	$-0.09	$-0.09	$-0.09	$-0.09	$-0.08	$-0.09	$-0.09	$-0.10	$-0.11	$-0.12	$-0.11	$-0.11	$-0.27	$-0.20	$-0.25	$-0.20	$-0.17	$-0.16	$-0.10	$-0.12	$-0.09	$-0.08
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.48%	0.34%	3.57%	1.58%	1.17%	13.37%	6.84%	7.74%	-1.15%

According to 3 Wall Street analysts, EVgo's projected average Quarter EPS for Dec 21 is $-0.09, with a low estimate of $-0.09 and a high estimate of $-0.09. This represents a -197.58% decrease compared to EVGO previous annual EPS of $0.09 (Sep 21).

EVgo Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
EVGO	EVgo	$4.68	$6.88	47.01%	Buy
BBY	Best Buy	$87.48	$99.89	14.19%	Buy
DKS	DICK'S Sporting Goods	$225.97	$245.29	8.55%	Buy
AZO	AutoZone	$3.32K	$3.40K	2.47%	Buy
WOOF	Petco Health and Wellness Company	$4.44	$4.53	2.03%	Buy
ULTA	Ulta Beauty	$423.57	$427.50	0.93%	Hold
RH	RH	$411.72	$319.00	-22.52%	Buy
WSM	Williams-Sonoma	$198.21	$147.00	-25.84%	Hold

EVGO Forecast FAQ

Is EVgo a good buy?

Yes, according to 8 Wall Street analysts, EVgo (EVGO) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 87.50% of EVGO's total ratings.

What is EVGO's price target?

EVgo (EVGO) average price target is $6.88 with a range of $5 to $8.5, implying a 57.80% from its last price of $4.36. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will EVgo stock go up soon?

According to Wall Street analysts' prediction for EVGO stock, the company can go up by 57.80% (from the last price of $4.36 to the average price target of $6.88), up by 94.95% based on the highest stock price target, and up by 14.68% based on the lowest stock price target.

Can EVgo stock reach $7?

EVGO's highest twelve months analyst stock price target of $8.5 supports the claim that EVgo can reach $7 in the near future.

What are EVgo's analysts' financial forecasts?

EVgo's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $676.12M (high $699.28M, low $632.57M), average EBITDA is $-599M (high $-561M, low $-620M), average net income is $0 (high $0, low $0), average SG&A $1.37B (high $1.42B, low $1.29B), and average EPS is $0 (high $0, low $0). EVGO's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $1.01B (high $1.05B, low $948.24M), average EBITDA is $-898M (high $-840M, low $-929M), average net income is $0 (high $0, low $0), average SG&A $2.06B (high $2.13B, low $1.93B), and average EPS is $0 (high $0, low $0).

Did the EVGO's actual financial results beat the analysts' financial forecasts?

Based on EVgo's last annual report (Dec 2023), the company's revenue was $160.95M, beating the average analysts forecast of $130.34M by 23.48%. Apple's EBITDA was $-104M, missing the average prediction of $-116M by -10.34%. The company's net income was $-135M, beating the average estimation of $-84.663M by 59.91%. Apple's SG&A was $143.02M, missing the average forecast of $264.96M by -46.02%. Lastly, the company's EPS was $-1.49, beating the average prediction of $-0.797 by 86.91%. In terms of the last quarterly report (Sep 2023), EVgo's revenue was $35.11M, beating the average analysts' forecast of $29.62M by 18.51%. The company's EBITDA was $-19.638M, missing the average prediction of $-26.253M by -25.20%. EVgo's net income was $-9.721M, missing the average estimation of $-20.741M by -53.13%. The company's SG&A was $32M, missing the average forecast of $60.21M by -46.86%. Lastly, the company's EPS was $-0.0947, missing the average prediction of $-0.195 by -51.51%