ChargePoint Holdings Inc Ordinary Shares - Class A

CHPT: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$1.00	Xxmd	Fwjxbpc

ChargePoint Earnings: Focus on Profitability Likely to Require Further Cost Reductions

Brett Castelli ,

Jun 6, 2024

We've lowered our fair value estimate for no-moat ChargePoint to $2 per share from $2.50 following the company’s fiscal 2025 first-quarter results. The driver of our lower valuation is a reduced long-term revenue forecast, as we expect the company’s constrained balance sheet to necessitate prioritizing profitability over growth. We view the shares as fairly valued.

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