EVgo Is Well-Positioned For Robust Revenue Growth: Analyst
1. J.P. Morgan maintains Overweight rating on EVGO with $5.00 target. 2. EVGO beat revenue expectations, driven by eXtend business performance. 3. The company reaffirmed financial targets, easing concerns over DOE loan stability. 4. EVGO is well-positioned for market share growth amid peers' challenges. 5. Strong partnerships and rising demand support robust revenue growth prospects.