J.P. Morgan Maintains Buy Rating on EVgo with $7.00 Price Target

J.P. Morgan analyst Bill Peterson has maintained a Buy rating on EVgo with a price target of $7.00. The current analyst consensus on EVgo is a Strong Buy with an average price target of $5.93, representing a 64.72% upside. Corporate insider sentiment is negative, with an increase in insiders selling their shares in May 2025.

EVgo, Inc. (EVGO), one of the leading providers of public fast charging infrastructure for electric vehicles (EVs), is scheduled to announce its Q2 2025 earnings results on Tuesday, August 5th. The consensus EPS estimate is -$0.09, a 10.0% year-over-year (YoY) increase, while the consensus revenue estimate is $84.48 million, a 26.8% YoY increase. Over the past two years, EVGO has beaten EPS estimates 50% of the time and revenue estimates 75% of the time.

Analysts' Sentiment

J.P. Morgan analyst Bill Peterson has maintained a Buy rating on EVGO with a price target of $7.00. The current analyst consensus on EVGO is a Strong Buy with an average price target of $5.93, representing a 64.72% upside [3]. However, the corporate insider sentiment is negative, with an increase in insiders selling their shares in May 2025.

Recent Developments

EVGO recently secured a $225 million credit facility to accelerate its nationwide infrastructure buildout. The company has also been expanding its network in collaboration with major partners such as Pilot Company and General Motors [4]. Despite these positive developments, the EV charging industry has faced challenges, including uncertainty around EV incentives and DOE loans [5].

Key Metrics

- Revenue: EVGO's revenue is expected to grow by 26.8% YoY, reaching $84.48 million.
- EPS: The consensus EPS estimate is -$0.09, a 10.0% YoY increase.
- Analyst Price Targets: The average price target is $5.93, with a median target of $5.00 and a range of $4.00 to $8.00 [3].
- Corporate Insider Sentiment: Negative, with an increase in insider selling [3].

Conclusion

EVGO's Q2 2025 earnings report is expected to highlight the company's continued growth in revenue, despite mixed analyst sentiment and negative corporate insider sentiment. Investors will be closely watching the earnings call for insights into the company's strategic initiatives and financial health.

References

[1] https://stockanalysis.com/stocks/evgo/
[2] https://seekingalpha.com/news/4477600-evgo-q2-2025-earnings-preview
[3] https://www.quiverquant.com/news/New+Analyst+Forecast%3A+%24EVGO+Given+%244.5+Price+Target
[4] https://www.businesswire.com/news/home/20250702005606/en/Pilot-General-Motors-and-EVgo-Connect-National-Travel-Corridors-with-EV-Charging-Infrastructure-Installed-in-Over-25-States
[5] https://www.benzinga.com/news/25/05/24566438/evgo-growth-dampened-by-doe-loan-and-ev-incentive-uncertainty-analyst-says