Should You Buy CHPT Stock Today? 🤔 Full ChargePoint Holdings Stock Analysis + Price Target

Created in 2007, ChargePoint operates a network of electric vehicle charging stations in all of North America, and they even have a strong presence in Europe. CHPT sells hardware, software and services. They provide electric vehicle station maintenance and management programs, which gives them recurring revenue. How is CHPT different from its competitors ? In seven years, they are planning on having around 50% of their revenues on a recurring basis. With over 5000 customers and 132,000 charging locations, Chargepoint has more than 70% market share of the EV charging market in North America, which is 7 times the market share of any other competitor at the moment. The company is also already operating in 16 European countries. So as you can see, CHPT is dominant.  If we look at clients, we got commercial clients like Microsoft and Nasa, then we have Fleet customers like FedEx. And finally we have at home charging and residential clients like Brookefield properties. 62% of fortune 500 companies use CHPT. This helps their reputation as a business of choice for firms looking for charging solutions.