Stifel Cuts EVgo (EVGO) PT to $7.50, Reaffirms Buy Rating

EVgo, Inc. (NASDAQ:EVGO) is one of the best EV charging stocks to buy now. On November 25, Stifel reiterated a Buy rating on EVgo, Inc. (NASDAQ:EVGO) shares and lowered the price target to $7.50 from $8.00.

Stifel Cuts EVgo (EVGO) PT to $7.50, Reaffirms Buy Rating

The firm views EVgo as the favorite pure-play US EV charging company due to its focused growth in fast-charging infrastructure; they highlighted steady advances on a key Department of Energy loan for expansion, strong steps toward breakeven adjusted EBITDA in Q4 2025, ongoing drops in capital spending per charging stall, and small updates to 2025 guidance that include extra potential from ending old contracts and selling a fleet site.

Separately, on November 17, Cantor Fitzgerald kept its Overweight rating on EVgo shares, following the company’s Q3 2025 earnings release a week earlier. The firm also maintained the $7 price target. Cantor Fitzgerald stated that they like EVgo’s setup for the long run, which is driven by top-notch charger use rates, and that this proves its stations draw steady traffic and work well day-to-day. The analysts see the current stock price as a smart buy-in spot, with their analysis showing the shares undervalued and in oversold mode after recent dips.

EVgo, Inc. (NASDAQ:EVGO) is a pure-play EV charging company. It develops, owns, and operates one of the largest public fast-charging networks in the United States. The company’s primary facilities include chargers powered by 100% renewable electricity, supporting both individual EV drivers and fleet operators.

While we acknowledge the potential of EVgo, Inc. (NASDAQ:EVGO) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than EVGO and that has 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.