On June 3, 2025, Morgan Stanley analyst Andrew Percoco initiated coverage on EVgo (EVGO, Financial), assigning the stock an "Equal-Weight" rating. The investment bank announced a price target of $4.00 USD for the electric vehicle charging company.
This marks the beginning of coverage from Morgan Stanley on EVgo, with no prior rating or price target from the firm. The newly announced price target reflects the analyst's evaluation of the stock's potential moving forward.
The announcement is noteworthy for EVgo as it seeks to strengthen its position in the growing EV charging infrastructure market. Stakeholders in EVGO will be closely watching the market reaction to this new coverage and price target.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for EVgo Inc (EVGO, Financial) is $6.33 with a high estimate of $12.00 and a low estimate of $4.00. The average target implies an upside of 67.55% from the current price of $3.78. More detailed estimate data can be found on the EVgo Inc (EVGO) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, EVgo Inc's (EVGO, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for EVgo Inc (EVGO, Financial) in one year is $8.22, suggesting a upside of 117.46% from the current price of $3.78. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the EVgo Inc (EVGO) Summary page.
