EVgo Stock Price Prediction, Share Forecast & Target Price

EVgo Stock Price Prediction, Share Forecast & Target Price

EVgo Stock Price Prediction
EVgo Stock Price Prediction

EVgo Stock Price Prediction, Share Forecast & Target Price: EVgo is an American company that provides fast chargers for electric vehicles (EVs). It has become increasingly important to understand how EV currencies are performing in order to gain insight into the growth of this industry. Investors, traders, and business people alike all want to know what will happen with EVgo’s stock price prediction.

Unsurprisingly, many have begun looking at the share forecast and target prices for EVgo as indicators of when would be a smart time to enter or exit the market. In this post, we’ll explore where you can find up-to-date information on future projections for EVgo stock performance and provide tips on how best to utilize these forecasts to maximize returns.

Analysts predict that the stock price of EVgo, the all-electric vehicle charging station company, is likely to experience significant growth over the foreseeable future. This bullish outlook comes from increasing demand from electric vehicle drivers who want reliable places to charge their vehicles. 

Some analysts even see EVgo as a potential groundbreaker in the industry, capable of starting shifts in how electric vehicles are charged and how electricity is used for transportation purposes. 

Currently, EVgo stocks are valued at 6.24 USD. Analysts are extremely bullish about its future performance and stock prices, predicting the prices to reach 28.95 USD by the end of the year 2026.

About EVgo 

EVgo is a leading electric vehicle (EV) charging network in the United States. As of August 2022, the company has more than 850 charging locations across the country, making it one of the largest and most comprehensive EV charging networks in the United States. 

EVgo offers both fast charging and level 2 charging options, and it is compatible with a wide range of EVs from different manufacturers. The company also offers various pricing plans, including pay-as-you-go, membership, and fleet options. 

EVgo is committed to promoting the adoption of EVs and supporting the growth of the EV market in the United States. EVgo was originally a subsidiary of NRG Energy, which is a major energy company in the United States. 

The company was established in 2010 as part of NRG Energy’s efforts to comply with state and federal regulations related to clean energy. In 2016, EVgo was sold to Vision Ridge Partners, an investment group that specializes in sustainable infrastructure and clean energy. 

Vision Ridge Partners helped EVgo to expand its charging network and develop new services. In 2019, EVgo was sold again to LS Power, a power generation, development, and investment company, which helped accelerate its expansion and further strengthen its position as a leader in the EV charging industry.

Financial Data & Performance

Market Capital1.655B
Enterprise Value111.34M
Shares Outstanding69.36M
EPS (TTM)-0.29
PE Ratio (TTM)N/A
52 Week Range3.64 – 14.23
200-Day Moving Average7.92
Avg. Volume2,519,165
Trailing P/EN/A
Forward P/EN/A


Profit Margin-102.24%
Operating Margin (ttm)-396.95%

Cash Flow Statement

Operating Cash Flow (ttm)-69.14M
Levered Free Cash Flow (ttm)-160.78M

EVgo (EVGO) Stock Price Forecasts: Share Forecast & Target Price

EVgo Stock Price Prediction
EVgo Stock Price Prediction

EVgo Stock Price Prediction 2023

Stocks of EVGO are presently trading at 6.24 USD. By the end of 2023, the EVgo stock price is projected to rise to 8.62 USD. The expected minimum and maximum price targets are 7.29 USD and 9.74 USD, respectively. This implies that a rise in the price of EVGO shares is foreseen with monthly expected price volatility of 24.071%.

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EVgo Stock Price Prediction 2024

The EVgo stock price is anticipated to increase to $10.25 by the end of 2024. The anticipated price targets are 9.23 USD for the least and 10.73 USD for the maximum. Negative dynamics are expected to prevail for this period, with monthly projected price volatility of 13.958%.

EVgo Stock Price Prediction 2025

By the end of 2025, it is expected that the price of EVgo stock will rise to $18.22. The minimum and highest predicted price targets are 15.30 USD and 20.98 USD, respectively. For this time frame, positive dynamics are anticipated, with monthly price volatility estimated to be 27.083%.

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EVgo Stock Price Prediction 2026

By the end of 2026, the price of EVgo stock is projected to rise to $28.95. The expected price objectives range from 25.70 USD at the lowest end to 31.55 USD at the highest. With monthly projected price volatility of 18.532%, positive dynamics are anticipated to predominate throughout this time.

EVgo Price Prediction: What Future Do EVGO Stocks Hold?

EVgo is a company that operates a network of more than 1,200 DC fast chargers in 34 states in the US. It has formed an alliance with General Motors (GM) which should be beneficial for EVgo as GM is making a comeback in the US EV market with sales of more than 7,300 EVs in the second quarter in the US. 

EVgo has announced the availability of Plug and Charge for all GM EVs with DC fast-charging capability on the EVgo network. This will allow GM customers to start a fast-charging session in seconds without the need to open a mobile app or swipe any cards. 

As GM’s EV sales continue to grow, it is likely that EVgo’s financial results and stock price will also increase. Thus, investors interested in buying EVGO stocks should consider purchasing these lucrative stocks as predicted by analysts who are optimistic about their future performance and prices.

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Overall, we rate EVgo as a “Buy”. We predict that EVgo’s stock price will rise in the next year. The company is expected to report strong earnings growth and has a very strong balance sheet. We believe this will continue to support the share price going forward.

At the current price of $6.24, shares of electric vehicle charging network operator EVgo represent an attractive investment opportunity with a decent margin of safety and solid return potential from the current level.

We have a moderate degree of confidence in this call as it is based on sound quantitative analysis of key financial indicators and recent market trends which support our thesis that EVgo’s share price will increase in value over the medium-term timeframe.

Shana Conzelman

Shana Conzelman is a shrewd businesswoman with a keen eye for stock market investments. She is very particular about the stocks she chooses to invest in, and takes great care to learn as much as possible about each company's stock prediction more

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