JPMorgan Cuts ChargePoint Price Target to $5

Analysts cite concerns over the electric vehicle charging company's outlook

Published on Mar. 5, 2026

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JPMorgan Chase & Co. has lowered its price target for ChargePoint (NYSE: CHPT) from $8 to $5, maintaining an "underweight" rating on the stock. The analysts cited concerns over the electric vehicle charging company's outlook, with the new $5 price target indicating a potential downside of 15.54% from the stock's current trading price.

Why it matters

ChargePoint is one of the leading providers of electric vehicle charging solutions, with a network of charging stations across North America. The price target cut by JPMorgan reflects broader concerns about the company's growth prospects and competitive landscape in the rapidly evolving EV charging market.

The details

In a note to investors, JPMorgan analysts said they have reduced their price target on ChargePoint from $8 to $5, while maintaining an "underweight" rating on the stock. The analysts cited a number of factors contributing to their more cautious outlook, including increased competition, potential regulatory changes, and uncertainty around the company's ability to maintain its market share.

  • JPMorgan issued the updated price target and rating on Thursday, March 5, 2026.

The players

JPMorgan Chase & Co.

A multinational investment bank and financial services company that provides a wide range of financial products and services, including equity research and analysis.

ChargePoint

An American company that designs, develops, and markets electric vehicle charging solutions, including hardware, software, and services.

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What they’re saying

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