- Credit Suisse analyst Maheep Mandloi downgraded EVgo Inc EVGO to Neutral from Outperform with a price target of $17, up from $11, implying a 10% downside. The analyst cites valuation for the downgrade.
- Mandloi said the recent stock rally appeared to have priced in the benefits of the infrastructure bill and expanded partnerships with General Motors Co GM and Uber Technologies UBER.
- EVgo has "first mover advantages," but also faces potential competition from new entrants in a technology agnostic capital intensive industry, the analyst added.
- Price Action: EVGO shares closed lower by 1.72% at $18.90 on Friday.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
