Cantor Fitzgerald Lowers EVgo (NASDAQ:EVGO) Price Target to $6.00

EVgo (NASDAQ:EVGO) had its price target dropped by research analysts at Cantor Fitzgerald from $7.00 to $6.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target points to a potential upside of 123.88% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. UBS Group increased their price objective on shares of EVgo from $5.40 to $5.90 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EVgo in a report on Thursday, January 22nd. Stifel Nicolaus decreased their price target on EVgo from $8.00 to $7.50 and set a “buy” rating for the company in a report on Tuesday, November 25th. Finally, Benchmark reissued a “buy” rating on shares of EVgo in a research note on Monday. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, EVgo has a consensus rating of “Moderate Buy” and an average price target of $5.40.

EVgo Trading Down 5.3%

NASDAQ:EVGO opened at $2.68 on Wednesday. The stock has a market capitalization of $825.39 million, a PE ratio of -6.87 and a beta of 2.63. The firm has a fifty day simple moving average of $3.00 and a 200 day simple moving average of $3.55. EVgo has a 1-year low of $2.19 and a 1-year high of $5.18.

EVgo (NASDAQ:EVGO) last posted its earnings results on Tuesday, March 3rd. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.10. The company had revenue of $118.47 million for the quarter. The business’s revenue was up 75.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.11) EPS. On average, equities analysts predict that EVgo will post -0.45 earnings per share for the current fiscal year.

Institutional Trading of EVgo

Institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its stake in shares of EVgo by 9,108.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 18,141 shares of the company’s stock worth $53,000 after acquiring an additional 17,944 shares during the period. Virtu Financial LLC bought a new stake in EVgo during the fourth quarter worth approximately $137,000. Invesco Ltd. raised its holdings in EVgo by 111.0% during the 4th quarter. Invesco Ltd. now owns 4,424,683 shares of the company’s stock valued at $12,876,000 after buying an additional 2,327,545 shares during the period. XTX Topco Ltd bought a new stake in shares of EVgo in the 4th quarter worth about $155,000. Finally, VARCOV Co. purchased a new position in shares of EVgo during the fourth quarter valued at approximately $430,000. 17.44% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about EVgo

Here are the key news stories impacting EVgo this week:

• Positive Sentiment: Q4 outperformance — EVgo reported Q4 revenue of about $118M (up ~75% year-over-year) and an EPS loss of $0.04 that beat estimates, with record charging-network revenue (~$64M). This confirms accelerating top-line growth and stronger network monetization. EVGO : EVgo Q4 Earnings Summary & Key…
• Positive Sentiment: Network expansion / product rollout — Management expects to add roughly 1,400–1,650 new stalls in 2026 and is accelerating NACS (Tesla connector) rollout, which should increase accessible charging capacity and could boost utilization and revenue mix over time. Evgo targets 1,400–1,650 new stalls in 2026 as company accelerates NACS rollout and network expansion
• Positive Sentiment: Brokerage sentiment — Aggregate analyst coverage shows a consensus rating around “Moderate Buy,” which supports momentum if growth execution continues. EVgo Inc. (NASDAQ:EVGO) Given Consensus Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Short-interest notices appear in reports but show anomalous/zero values (0 shares/NaN), so they don’t provide reliable near-term insight into positioning. No actionable short-interest signal from the available data.
• Negative Sentiment: 2026 guidance came in below Street revenue expectations — EVgo set 2026 revenue guidance of roughly $410M–$470M versus a consensus near ~$481M, and gave adjusted-EBITDA guidance around $(20)M to $20M, leaving upside limited versus current estimates and increasing the risk of near-term multiple compression. EVgo Inc. Reports Record Fourth Quarter and Full Year 2025 Results

EVgo Company Profile

EVgo operates one of the largest public electric vehicle (EV) fast-charging networks in the United States, delivering direct current (DC) fast charging and Level 2 charging services to passenger vehicles and commercial fleets. The company’s charging stations are strategically located in urban centers, suburban shopping areas, workplace parking facilities, and along major highway corridors, enabling convenient access for EV drivers and promoting long-distance travel.

The company offers a suite of charging solutions, including subscription plans, pay-per-use options, and fleet charging services tailored to the needs of ride-hailing, delivery, and corporate vehicle fleets.