ChargePoint Holdings Inc Ordinary Shares - Class A

CHPT: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$3.85	Gnywr	Sbqbscxc

Minding the (AC/DC) Margin Gap; Lowering ChargePoint Fair Value Estimate to $11

Brett Castelli

Mar 3, 2023

We are lowering no-moat ChargePoint's fair value estimate to $11 per share from $12.50 following the company's fourth-quarter results. The driver of our fair value decrease is a reduction to our near-term revenue forecast and slightly lower long-term gross margins. We view ChargePoint shares as fairly valued.

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