H.C. Wainwright analyst Sameer Joshi maintained a Buy rating on Blink Charging Co (BLNK) today and set a price target of $5. The company’s shares opened today at $2.55, close to its 52-week low of $1.56.
Joshi commented:
“We believe that investors seeking access to the EV charging space should find Blink’s market position attractive. The company has capitalized on its early-mover advantage by executing a strategy of executing long-term contracts with property partners, and offering flexible payment plans to customers. In our opinion, the company’s 14,000 charging locations, offers the company a competitive advantage.”
According to TipRanks.com, Joshi is ranked #3468 out of 5173 analysts.
Currently, the analyst consensus on Blink Charging Co is a Moderate Buy with an average price target of $5.
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Based on Blink Charging Co’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $2.26 million. In comparison, last year the company had a net profit of $2.2 million.
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Blink Charging Co. owns, operates, and provides electric vehicle, charging equipment, and networked EV charging services. Its products and services include Blink EV charging network, charging equipment, also known as electric vehicle supply equipment, and EV charging services.
