ChargePoint (CHPT) Receives Post Reverse Split Price Target: JPMorgan Goes In At $9

ChargePoint Holdings Inc. (CHPT) is navigating a challenging landscape, underscored by JPMorgan's recent establishment of a $9 price target following the company's 1-for-20 reverse stock split. This valuation, coupled with an “Underweight” rating, reflects ongoing concerns about competitive pressures within the electric vehicle (EV) charging sector.

This comes at a difficult time for holders of CHPT, with the stock price already 48.84% down YTD, albeit firmly off the lows that followed the reverse split announcement.

The stock has experienced considerable volatility, lately amplified by the reverse stock split implemented on July 28, 2025, to meet the New York Stock Exchange (NYSE) minimum trading price requirements. The market reacted negatively to this move, with ChargePoint's stock plunging approximately 19.7% upon the announcement.

Such reverse splits often signal underlying financial distress, raising investor apprehension about the company's long-term viability.

JPMorgan acknowledges potential revenue uplift from ChargePoint's channel partnership with Eaton, designed to accelerate the development of EV charging infrastructure across the United States, Canada, and Europe. This collaboration aims to offer comprehensive EV charging solutions to various sectors. However, the firm remains cautious, citing the potential for commoditization to erode profitability, a common concern in the rapidly expanding EV charging market.

ChargePoint's financial performance in 2024 revealed a mixed picture. The company reported revenue of $417.08 million, a 17.68% decrease from the previous year. Losses amounted to $277.07 million, a 39.45% reduction compared to 2023. Analyst consensus currently rates the stock as a “Hold,” with a 12-month price target of $1.46, suggesting a substantial potential upside of 139.11% from recent prices.

Despite these challenges, ChargePoint is actively pursuing innovation and expansion. The company introduced a bidirectional AC Level 2 charging architecture featuring vehicle-to-everything applications and faster charging times. Initial models are slated for launch in Europe in summer 2025 and North America by the end of 2025. Additionally, ChargePoint has been deploying fast charging stations, including five ultra-fast charging sites in upstate New York, supported by the New York State Energy Research and Development Authority (NYSERDA).