RBC Capital Markets analyst Christopher Dendrinos downgraded ChargePoint Holdings, Inc. (NYSE:CHPT) to Sector Perform from Outperform, lowering the forecast to $3 from $3.50. Yesterday, the company reported fourth-quarter sales of $115.833 million, which missed theanalyst consensus estimate of $118.777 million. The analyst downgraded the stock, citing a challenging macro backdrop impacting financial performance. Per Dendrinos, continued revenue pressure as a result of sluggish macro demand is a concern over the company’s first quarter of 2025 guidance. Of the major issues, the pace of BEV adop…
