<div id="readability-page-1"><p><span>EVgo (NASDAQ:EVGO - Get Free Report)</span> had its price target increased by stock analysts at UBS Group  from $5.40 to $5.90 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a &#34;buy&#34; rating on the stock. UBS Group's price objective would suggest a potential upside of 76.65% from the stock's current price.</p><ul><li>EVgo's 37% Revenue Growth: Forget the Car, Buy the Gas Station</li></ul><p>A number of other research analysts also recently issued reports on the company. Morgan Stanley increased their price objective on EVgo from $4.00 to $4.50 and gave the stock an &#34;equal weight&#34; rating in a report on Wednesday, August 6th. Needham &amp; Company LLC  reaffirmed a &#34;hold&#34; rating on shares of EVgo in a research report on Tuesday, October 14th. Finally, Weiss Ratings  reaffirmed a &#34;sell (d-)&#34; rating on shares of EVgo in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one  has issued  a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $5.90.</p><p><b>Get Our Latest Stock Report on EVGO</b></p><h2>EVgo Price Performance</h2><ul><li>EV Charging Solutions: GM's Move Reflects Industry Challenges</li></ul><p>EVGO traded down $0.10 during trading on Tuesday, reaching $3.34. The company had a trading volume of 3,862,060 shares, compared to its average volume of 4,366,692. The business's fifty day moving average price is $4.27 and its 200 day moving average price is $3.91. EVgo has a 12 month low of $2.19 and a 12 month high of $7.15. The company has a market cap of $1.03 billion, a P/E ratio of -8.15 and a beta of 2.35. </p><p>EVgo (NASDAQ:EVGO - Get Free Report) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.09. The company had revenue of $92.30 million during the quarter, compared to the consensus estimate of $94.42 million. The company's revenue was up 36.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.11) earnings per share.  EVgo has set its FY 2025 guidance at  EPS. As a group, sell-side analysts predict that  EVgo will post -0.45 EPS for the current fiscal year. </p><h2>Hedge Funds Weigh In On EVgo</h2><ul><li>The Squeeze Is On For EVGo, Rally To Follow </li></ul><p>Hedge funds and other institutional investors have recently made changes to their positions in the company. Summit Securities Group LLC acquired a new position in  EVgo during the first quarter worth $30,000.  Ballentine Partners LLC acquired a new position in shares of  EVgo during the 1st quarter worth about $32,000.  Hsbc Holdings PLC bought a new stake in shares of  EVgo in the 1st quarter valued at about $38,000.  Ethic Inc. bought a new stake in shares of  EVgo in the 2nd quarter valued at about $38,000.  Finally, Banco BTG Pactual S.A. acquired a new stake in  EVgo in the 2nd quarter valued at about $41,000. 17.44% of the stock is owned by institutional investors. </p><h2>EVgo Company Profile</h2> (Get Free Report)<p>EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.</p><h2>See Also</h2><ul><li>Five stocks we like better than EVgo</li><li>3 Stocks to Consider Buying in October</li><li>Down 25%, Is Defense Darling Kratos an Attractive Opportunity? </li><li>Insider Trading - What You Need to Know</li><li>Rumble’s $767M Acquisition Marks Bold Pivot Into AI Infrastructure</li><li>Dividend King Proctor &amp; Gamble Is A Buy On Post-Earnings Weakness </li><li>SoftBank Exits NVIDIA—So What? Analysts Still See More Upside</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RVZHTw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RVZHTw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in EVgo Right Now?</h2><p>Before you consider EVgo, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EVgo wasn't on the list.</p><p>While EVgo currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

EVGO

<p>UBS Group has raised its price target for EVgo (NASDAQ:EVGO) from $5.40 to $5.90, maintaining a "buy" rating. This suggests a potential upside of 76.65% from the current price. Other analysts have mixed views, with Morgan Stanley setting a target of $4.50 and Needham reaffirming a "hold" rating. EVgo's stock is currently trading at $3.34, with a market cap of $1.03 billion and a P/E ratio of -8.15. The company reported a 36.7% revenue increase year-over-year, with quarterly earnings beating estimates.</p>

UBS Group Issues Positive Forecast for EVgo (NASDAQ:EVGO) Stock Price