Market Analysts see EVgo Inc [EVGO] gaining to $8.50. Time to buy?

BITF

EVgo Inc [NASDAQ: EVGO] jumped around 4539996.23 points on Thursday, while shares priced at $4540000.0 at the close of the session, up 4.51%.

EVgo Inc stock is now 70.56% up from its year-to-date (YTD) trading value. EVGO Stock saw the intraday high of $4.015 and lowest of $3.75 per share. The company’s 52-week high price is 9.07, which means current price is +79.50% above from all time high which was touched on 06/17/25.

Compared to the average trading volume of 4.54M shares, EVGO reached a trading volume of 4897419 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about EVgo Inc [EVGO]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EVGO shares is $6.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EVGO stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

UBS have made an estimate for EVgo Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 10, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $5 to $7. The new note on the price target was released on October 03, 2024, representing the official price target for EVgo Inc stock. Previously, the target price had yet another raise to $7, while JP Morgan analysts kept a Overweight rating on EVGO stock.

How has EVGO stock performed recently?

EVgo Inc [EVGO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.01. With this latest performance, EVGO shares dropped by -0.51% in over the last four-week period, additionally sinking by -9.63% over the last 6 months – not to mention a drop of -2.72% in the past year of trading.

EVgo Inc [EVGO]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and EVgo Inc [EVGO] shares currently have an operating margin of -45.89% and a Gross Margin at 4.67%. EVgo Inc’s Net Margin is presently recorded at -16.45%.

Return on Equity for this stock declined to -5.55%, with Return on Assets sitting at -5.55%.

Earnings analysis for EVgo Inc [EVGO]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EVGO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for EVgo Inc go to 17.88%.

Insider trade positions for EVgo Inc [EVGO]

There are presently around $68.39%, or 72.13% of EVGO stock, in the hands of institutional investors. The top three institutional holders of EVGO stocks are: VANGUARD GROUP INC with ownership of 10.07 million shares, which is approximately 9.5364%. BLACKROCK INC., holding 6.9 million shares of the stock with an approximate value of $$16.91 million in EVGO stocks shares; and BLACKROCK INC., currently with $$8.2 million in EVGO stock with ownership which is approximately 3.1681%.

The DBT News
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.