Cantor Fitzgerald Issues Pessimistic Forecast for EVgo (NASDAQ:EVGO) Stock Price

EVgo (NASDAQ:EVGO) had its target price dropped by stock analysts at Cantor Fitzgerald from $7.00 to $6.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target points to a potential upside of 123.88% from the company’s current price.

Several other brokerages have also issued reports on EVGO. Benchmark reiterated a “buy” rating on shares of EVgo in a research report on Monday. UBS Group lifted their price objective on EVgo from $5.40 to $5.90 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Stifel Nicolaus decreased their target price on shares of EVgo from $8.00 to $7.50 and set a “buy” rating on the stock in a report on Tuesday, November 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of EVgo in a research report on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.40.

EVgo Price Performance

Shares of EVGO opened at $2.68 on Wednesday. EVgo has a 1-year low of $2.19 and a 1-year high of $5.18. The firm has a market capitalization of $825.39 million, a PE ratio of -6.87 and a beta of 2.63. The company’s fifty day moving average price is $3.00 and its 200-day moving average price is $3.55.

EVgo (NASDAQ:EVGO) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.10. The company had revenue of $118.47 million for the quarter. During the same quarter in the prior year, the company earned ($0.11) earnings per share. The business’s revenue for the quarter was up 75.5% compared to the same quarter last year. As a group, research analysts anticipate that EVgo will post -0.45 EPS for the current fiscal year.

Institutional Trading of EVgo

A number of institutional investors and hedge funds have recently bought and sold shares of EVGO. Quarry LP grew its holdings in shares of EVgo by 145.0% in the 4th quarter. Quarry LP now owns 9,307 shares of the company’s stock worth $27,000 after acquiring an additional 5,508 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in EVgo during the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd raised its position in EVgo by 4,903.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 9,856 shares of the company’s stock valued at $29,000 after acquiring an additional 9,659 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of EVgo in the 4th quarter valued at $32,000. Finally, Fullerton Advisors LLC acquired a new stake in shares of EVgo in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 17.44% of the company’s stock.

EVgo News Summary

Here are the key news stories impacting EVgo this week:

• Positive Sentiment: Q4 outperformance — EVgo reported Q4 revenue of about $118M (up ~75% year-over-year) and an EPS loss of $0.04 that beat estimates, with record charging-network revenue (~$64M). This confirms accelerating top-line growth and stronger network monetization. EVGO : EVgo Q4 Earnings Summary & Key…
• Positive Sentiment: Network expansion / product rollout — Management expects to add roughly 1,400–1,650 new stalls in 2026 and is accelerating NACS (Tesla connector) rollout, which should increase accessible charging capacity and could boost utilization and revenue mix over time. Evgo targets 1,400–1,650 new stalls in 2026 as company accelerates NACS rollout and network expansion
• Positive Sentiment: Brokerage sentiment — Aggregate analyst coverage shows a consensus rating around “Moderate Buy,” which supports momentum if growth execution continues. EVgo Inc. (NASDAQ:EVGO) Given Consensus Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Short-interest notices appear in reports but show anomalous/zero values (0 shares/NaN), so they don’t provide reliable near-term insight into positioning. No actionable short-interest signal from the available data.
• Negative Sentiment: 2026 guidance came in below Street revenue expectations — EVgo set 2026 revenue guidance of roughly $410M–$470M versus a consensus near ~$481M, and gave adjusted-EBITDA guidance around $(20)M to $20M, leaving upside limited versus current estimates and increasing the risk of near-term multiple compression. EVgo Inc. Reports Record Fourth Quarter and Full Year 2025 Results

EVgo Company Profile

EVgo operates one of the largest public electric vehicle (EV) fast-charging networks in the United States, delivering direct current (DC) fast charging and Level 2 charging services to passenger vehicles and commercial fleets. The company’s charging stations are strategically located in urban centers, suburban shopping areas, workplace parking facilities, and along major highway corridors, enabling convenient access for EV drivers and promoting long-distance travel.

The company offers a suite of charging solutions, including subscription plans, pay-per-use options, and fleet charging services tailored to the needs of ride-hailing, delivery, and corporate vehicle fleets.