Evgo Stock Target Price and Analyst Consensus

EVGO Stock  USD 6.36  0.11  1.76%   
The current analyst and expert consensus on Evgo is Strong Buy, with 8 strong buy opinions. The current projected Evgo target price consensus is 7.25 with 13 analyst opinions. Check out Macroaxis Advice on Evgo to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
The most common way Evgo Inc analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Evgo executives and customers to further validate their buy or sell advice. Evgo buy-or-sell recommendation module provides average expert sentiment on the projected Evgo Inc target price to derive its highest and lowest estimates based on projected price volatility of 9.2551.
Lowest Forecast
6.6
Highest Forecast
8.05
Target Price
7.25
At this time, Evgo's Gross Profit is very stable compared to the past year. As of the 22nd of November 2024, Gross Profit Margin is likely to grow to 0.06, while Pretax Profit Margin is likely to drop (0.88). At this time, Evgo's Short Term Debt is very stable compared to the past year. As of the 22nd of November 2024, Intangible Assets is likely to grow to about 55.5 M, while Other Current Liabilities is likely to drop about 30 M.
  
It's important to approach Evgo's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Evgo price targets

Evgo's stock target price is an estimate of its future price, usually made by analysts. Using Evgo's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Evgo's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Evgo's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Evgo Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Evgo is a key component of Evgo valuation and have some predictive power on the future returns of a Evgo.
Hype
Prediction
LowEstimatedHigh
0.336.5515.81
Details
Intrinsic
Valuation
LowRealHigh
0.346.8416.10
Details
Naive
Forecast
LowNextHigh
0.167.8317.08
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.1-0.1-0.1
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Evgo. Your research has to be compared to or analyzed against Evgo's peers to derive any actionable benefits. When done correctly, Evgo's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Evgo Inc.

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When determining whether Evgo Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Evgo's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Evgo Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Evgo Inc Stock:
Check out Macroaxis Advice on Evgo to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.