ChargePoint price target lowered to $1.50 from $2 at TD Cowen

TD Cowen lowered the firm’s price target on ChargePoint (CHPT) to $1.50 from $2 and keeps a Hold rating on the shares. The firm said business improvements start to manifest modestly as revenue growth returned and was in line with Street. Gross margins also improved supported by subscriptions, though hardware remained muted with material improvements expected by 2H26.