ChargePoint price target lowered to $1 from $2 at Stifel

Stifel analyst Stephen Gengaro lowered the firm’s price target on ChargePoint (CHPT) to $1 from $2 and keeps a Hold rating on the shares post the Q4 report. The firm says electric vehicle adoption rates “have tempered but remain supportive of growth, albeit it at slower rates.” Demand for public charging infrastructure in the United States appears slightly more positive relative to home charger demand, the analyst tells investors in a research note.