EVgo

EVGO · NASDAQ

$1.10+$0.04 (+3.77%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $1.06

EVGO analyst rating

BuyConsensus of 8 analysts over the last 12 months. 75% rate it a buy.

Strong buy0
Buy6
Hold1
Underperform1
Sell0

12-month price target · 10 analysts

Average $3.63 (+230.3% upside)

Low: $2.02
Now: $1.10
High: $7.35

Upgrades and downgrades

The latest rating actions, newest first

EVGO analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
UBS	Oct 7, 2026	Maintains	Buy	$3.00 → $2.00	45%
Evercore ISI Group	Sep 21, 2026	Maintains	Outperform	$3.50 → $2.50	47%
Stifel	Aug 25, 2026	Maintains	Buy	$7.00 → $6.00	51%
RBC Capital	Aug 6, 2026	Maintains	Outperform	$3.00 → $2.50	32%
Cantor Fitzgerald	Aug 6, 2026	Maintains	Overweight	$4.00 → $3.00	59%
Needham	Aug 5, 2026	Maintains	Hold	—	33%
JP Morgan	Jul 21, 2026	Downgrade	Neutral → Underweight	—	48%
RBC Capital	May 6, 2026	Maintains	Outperform	$4.50 → $3.00	51%
JP Morgan	Mar 25, 2026	Downgrade	Overweight → Neutral	—	48%
Evercore ISI Group	Mar 9, 2026	Maintains	Outperform	$4.00 → $3.50	47%

The case for and against

Updated Oct 17, 2026

Bull case

EVgo is well positioned for long-term growth because its network is expanding through high-profile partnerships with Tesla and Brixmor, which can materially broaden site access and more than double its addressable market. Its core operating metrics remain solid, with 2Q26 network throughput of 99 GWh, about 20% utilization, 5,380 stalls in operation, and more than 1.8M customer accounts, suggesting continued scale and meaningful demand. The bullish view also rests on improving economics from maturing stalls, potential operating leverage, strong exposure to EV adoption and decarbonization, and diversified upside from fleet charging, PlugShare, and regulatory credit revenue.

Bear case

EVgo is facing a fundamentally challenging setup because revenue growth is still heavily dependent on capital-intensive stall additions and government-linked credits, yet 2Q26 showed only $82.6M of revenue, 8.9% GAAP gross margin, and about $(10.6)M of adjusted EBITDA. Management cut FY26 guidance to $400M-$430M revenue and ($25M)-($5M) adjusted EBITDA, while also lowering stall deployment plans, signaling weaker EV demand and slower operating leverage than expected. Although liquidity improved to $835M and the Tesla partnership may expand reach, the business still burned about $40.3M of free cash flow in 2Q26, leaving execution, funding, and dilution risks elevated.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.