EVgo price target lowered to $8 from $10 at Stifel

Stifel lowered the firm’s price target on EVgo (EVGO) to $8 from $10 and keeps a Buy rating on the shares. EVgo delivered “solid” Q4 results, bolstered by stronger-than-expected gross margins, the analyst tells investors. Both utilization and average throughput per stall continue to trend higher, notes the firm, which remains confident in the company’s ability to deliver positive EBITDA during 2025.