EVgo (EVGO) Stock Forecast, Price Target & Predictions
EVGO Stock Forecast
EVgo stock forecast is as follows: an average price target of $8.33 (represents a 88.89% upside from EVGO’s last price of $4.41) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.
EVGO Price Target
The average price target for EVgo (EVGO) is $8.33 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $16.00 to $4.00. This represents a potential 88.89% upside from EVGO's last price of $4.41.
EVGO Analyst Ratings
According to 7 Wall Street analysts, EVgo's rating consensus is 'Buy'. The analyst rating breakdown for EVGO stock is 0 'Strong Buy' (0.00%), 6 'Buy' (85.71%), 1 'Hold' (14.29%), 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 |
|---|---|---|---|---|---|---|
| Aug 06, 2024 | Stephen Gengaro | Stifel Nicolaus | $6.00 | $3.74 | 60.43% | 36.05% |
| Aug 02, 2024 | Andres Sheppard | Cantor Fitzgerald | $5.00 | $3.62 | 38.12% | 13.38% |
| Jul 22, 2024 | William Grippin | UBS | $4.00 | $3.54 | 12.99% | -9.30% |
| May 09, 2024 | Andres Sheppard | Cantor Fitzgerald | $4.00 | $1.75 | 128.57% | -9.30% |
| Sep 08, 2023 | Chris Dendrinos | RBC Capital | $5.00 | $3.62 | 38.12% | 13.38% |
| May 12, 2022 | Maheep Mandloi | Credit Suisse | $14.00 | $7.17 | 95.26% | 217.46% |
| Apr 28, 2022 | - | Cantor Fitzgerald | $14.00 | $9.56 | 46.44% | 217.46% |
| Apr 21, 2022 | - | Tudor Pickering | $16.00 | $9.96 | 60.64% | 262.81% |
The latest EVgo stock forecast, released on Aug 06, 2024 by Stephen Gengaro from Stifel Nicolaus, set a price target of $6.00, which represents a 60.43% increase from the stock price at the time of the forecast ($3.74), and a 36.05% increase from EVGO last price ($4.41).
EVgo Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 3 | 4 |
| Avg Price Target | - | $5.00 | $4.75 |
| Last Closing Price | $4.41 | $4.41 | $4.41 |
| Upside/Downside | -100.00% | 13.38% | 7.71% |
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 $4.41. 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 |
|---|---|---|---|---|
| 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 |
EVgo's last stock rating was published by UBS on Aug 29, 2024. The company gave EVGO a "Buy" 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 | $208.39M | $202.15M | $194.14M | $188.36M | $152.31M | $147.15M | $141.16M | $135.41M | $124.69M | $120.43M | $109.94M | $95.51M | $99.38M | $92.49M | $83.21M | $72.38M | $69.71M | $65.16M | $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 | $217.47M | $210.96M | $202.61M | $196.57M | $158.95M | $153.57M | $147.32M | $141.31M | $130.13M | $125.68M | $114.73M | $99.67M | $103.71M | $96.52M | $86.83M | $75.53M | $72.75M | $66.80M | $61.99M | $54.70M | $47.45M | $30.91M | $30.74M | $28.53M | $20.79M | $13.85M | $11.28M | $9.11M | $6.31M | $5.57M |
| Low Forecast | $188.94M | $183.29M | $176.03M | $170.79M | $138.10M | $133.42M | $127.99M | $122.77M | $113.06M | $109.20M | $99.68M | $86.60M | $90.11M | $83.86M | $75.44M | $65.63M | $63.21M | $63.63M | $53.86M | $47.52M | $40.31M | $26.86M | $26.71M | $24.79M | $18.06M | $12.03M | $10.28M | $8.29M | $5.74M | $5.08M |
| # Analysts | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 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 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 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 | $-192.32M | $-186.56M | $-179.17M | $-173.84M | $-140.57M | $-135.81M | $-130.28M | $-124.96M | $-115.08M | $-111.15M | $-101.46M | $-88.14M | $-91.71M | $-85.36M | $-76.79M | $-66.80M | $-64.33M | $-60.13M | $-54.82M | $-48.37M | $-40.54M | $-27.34M | $-27.18M | $-25.23M | $-18.38M | $-12.25M | $-10.06M | $-3.88K | $-5.62M | $-4.97M |
| High Forecast | $-174.37M | $-169.15M | $-162.45M | $-157.62M | $-127.45M | $-123.13M | $-118.12M | $-113.30M | $-104.34M | $-100.78M | $-91.99M | $-79.92M | $-83.16M | $-77.39M | $-69.63M | $-60.56M | $-58.33M | $-58.73M | $-49.70M | $-43.86M | $-37.21M | $-24.79M | $-24.65M | $-22.87M | $-16.67M | $-11.11M | $-9.48M | $-3.10K | $-5.30M | $-4.68M |
| Low Forecast | $-200.70M | $-194.69M | $-186.98M | $-181.41M | $-146.69M | $-141.72M | $-135.96M | $-130.41M | $-120.09M | $-115.99M | $-105.88M | $-91.99M | $-95.71M | $-89.08M | $-80.14M | $-69.71M | $-67.14M | $-61.65M | $-57.21M | $-50.48M | $-43.79M | $-28.53M | $-28.37M | $-26.33M | $-19.18M | $-12.78M | $-10.41M | $-4.65K | $-5.82M | $-5.14M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.72% | 0.43% | 0.91% | 1.83% | 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 $-5.30M and a low of $-5.82M. 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 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 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 | - | - | - | - | - | - | - | - | $-2.06M | $-2.26M | $-3.87M | $-6.42M | $-9.13M | $-10.02M | $-10.62M | $-11.04M | $-11.74M | $-11.79M | $-10.99M | $-11.49M | $-17.66M | $-20.62M | $-25.49M | $-20.40M | $-16.74M | $81.89K | $-10.35M | $-7.92K | $-9.27M | $-8.29M |
| High Forecast | - | - | - | - | - | - | - | - | $-1.81M | $-1.98M | $-3.40M | $-5.64M | $-8.02M | $-8.81M | $-9.34M | $-9.70M | $-10.32M | $-10.36M | $-9.66M | $-10.09M | $-7.22M | $-18.12M | $-22.40M | $-17.92M | $-14.71M | $98.27K | $-9.58M | $-6.33K | $-8.58M | $-7.68M |
| Low Forecast | - | - | - | - | - | - | - | - | $-2.18M | $-2.39M | $-4.09M | $-6.78M | $-9.65M | $-10.59M | $-11.23M | $-11.67M | $-12.41M | $-12.45M | $-11.61M | $-12.14M | $-28.09M | $-21.79M | $-26.94M | $-21.55M | $-17.69M | $65.51K | $-10.82M | $-9.50K | $-9.69M | $-8.67M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.47% | 0.28% | 2.41% | 1.02% | -161.42% | 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 $-9.69M to $-8.58M. 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 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 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 | $426.57M | $413.81M | $397.42M | $385.59M | $311.79M | $301.23M | $288.96M | $277.18M | $255.25M | $246.53M | $225.05M | $195.51M | $203.43M | $189.33M | $170.33M | $148.16M | $142.70M | $133.38M | $121.59M | $107.29M | $89.93M | $60.64M | $60.30M | $55.96M | $40.77M | $27.17M | $22.32M | $13.98K | $12.47M | $11.02M |
| High Forecast | $445.17M | $431.84M | $414.74M | $402.39M | $325.38M | $314.36M | $301.56M | $289.26M | $266.37M | $257.28M | $234.86M | $204.03M | $212.30M | $197.59M | $177.75M | $154.62M | $148.92M | $136.75M | $126.89M | $111.96M | $97.12M | $63.28M | $62.92M | $58.40M | $42.55M | $28.35M | $23.10M | $16.78K | $12.91M | $11.41M |
| Low Forecast | $386.77M | $375.20M | $360.33M | $349.61M | $282.69M | $273.12M | $262.00M | $251.32M | $231.43M | $223.53M | $204.05M | $177.27M | $184.45M | $171.67M | $154.44M | $134.34M | $129.38M | $130.26M | $110.24M | $97.28M | $82.52M | $54.98M | $54.67M | $50.74M | $36.97M | $24.63M | $21.03M | $11.19K | $11.76M | $10.39M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.53% | 0.57% | 0.68% | 0.90% | 1.19% | 1.44% | 1818.23% | 1.99% | 1.89% |
EVgo's average Quarter SG&A projection for Dec 23 is $89.93M, based on 7 Wall Street analysts, with a range of $82.52M to $97.12M. The forecast indicates a 181.01% 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 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 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 | - | - | - | - | - | - | - | - | $-0.02 | $-0.02 | $-0.04 | $-0.06 | $-0.09 | $-0.09 | $-0.10 | $-0.10 | $-0.11 | $-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 | - | - | - | - | - | - | - | - | $-0.02 | $-0.02 | $-0.03 | $-0.05 | $-0.08 | $-0.08 | $-0.09 | $-0.09 | $-0.10 | $-0.10 | $-0.09 | $-0.10 | $-0.07 | $-0.17 | $-0.21 | $-0.17 | $-0.14 | $-0.14 | $-0.09 | $-0.11 | $-0.08 | $-0.07 |
| Low Forecast | - | - | - | - | - | - | - | - | $-0.02 | $-0.02 | $-0.04 | $-0.06 | $-0.09 | $-0.10 | $-0.11 | $-0.11 | $-0.12 | $-0.12 | $-0.11 | $-0.11 | $-0.27 | $-0.21 | $-0.26 | $-0.20 | $-0.17 | $-0.17 | $-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 $-0.08. 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 |
|---|---|---|---|---|---|
| WOOF | Petco Health and Wellness Company | $4.65 | $9.25 | 98.92% | Buy |
| EVGO | EVgo | $4.41 | $8.33 | 88.89% | Buy |
| WSM | Williams-Sonoma | $147.55 | $201.11 | 36.30% | Hold |
| RH | RH | $334.68 | $422.67 | 26.29% | Buy |
| ULTA | Ulta Beauty | $402.72 | $470.92 | 16.93% | Hold |
| DKS | DICK'S Sporting Goods | $212.58 | $225.90 | 6.27% | Buy |
| BBY | Best Buy | $99.07 | $96.00 | -3.10% | Buy |
| AZO | AutoZone | $3.07K | $2.73K | -11.08% | Buy |
EVGO Forecast FAQ
Is EVgo a good buy?
Yes, according to 7 Wall Street analysts, EVgo (EVGO) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 85.71% of EVGO's total ratings.
What is EVGO's price target?
EVgo (EVGO) average price target is $8.33 with a range of $4 to $16, implying a 88.89% from its last price of $4.41. The data is based on 7 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 88.89% (from the last price of $4.41 to the average price target of $8.33), up by 262.81% based on the highest stock price target, and down by -9.30% based on the lowest stock price target.
Can EVgo stock reach $7?
EVGO's average twelve months analyst stock price target of $8.33 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 $576.04M (high $601.14M, low $522.29M), average EBITDA is $-532M (high $-482M, low $-555M), average net income is $0 (high $0, low $0), average SG&A $1.18B (high $1.23B, low $1.07B), 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 $793.05M (high $827.61M, low $719.05M), average EBITDA is $-732M (high $-664M, low $-764M), average net income is $0 (high $0, low $0), average SG&A $1.62B (high $1.69B, low $1.47B), 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 $-120M by -13.90%. The company's net income was $-135M, beating the average estimation of $-84.167M by 60.85%. Apple's SG&A was $143.02M, missing the average forecast of $266.82M by -46.40%. 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 $-27.338M by -28.17%. EVgo's net income was $-9.721M, missing the average estimation of $-20.619M by -52.86%. The company's SG&A was $32M, missing the average forecast of $60.64M by -47.23%. Lastly, the company's EPS was $-0.0947, missing the average prediction of $-0.195 by -51.51%