ChargePoint Holdings, Inc.

CHPT Details

ChargePoint Holdings, Inc. (NYSE: CHPT) develops, produces, and sells networked electric vehicle (EV) charging system infrastructure, as well as subscription-based cloud-based services that allow consumers to find, reserve, authenticate, and pay for EV charging sessions. In addition, the network provides a range of web-based interfaces for commercial, fleet, and residential users. CHPT earns money by selling Networked Charging Systems, Cloud Services, and extended parts and labor warranties, often paid for in advance.

Latest News

Q3FY22 Results

Key Risks

Outlook

Valuation Methodology: Price/Sales Per Share Multiple Based Relative Valuation

(Analysis by Kalkine Group)

* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.

CHPT Daily Technical Chart (Source: REFINITIV)

Stock Recommendation

CHPT's stock price fell 53.26% in the past twelve months and is currently leaning towards the lower band of its 52-week range of USD 17.60 to USD 49.48. The stock is currently trading below its 50 and 200 DMA levels, and its RSI Index is at 32.18. We have valued the stock using the Price/Sales-based relative valuation methodology and arrived at a target price of USD 24.70.

Considering the significant correction in the stock price, strategic acquisitions, strong balance sheet, positive outlook, and associated risks, we recommend a "Speculative Buy" rating on the stock at the current price of USD 19.585, down 5.34% as of December 10, 2021, 11:36 AM ET.

* The reference data in this report has been partly sourced from REFINITIV.

* All forecasted figures and industry information have been taken from REFINITIV.

* Depending upon the risk tolerance, investors may consider unwinding their positions in a respective stock once the estimated target price is reached. 

ON24, Inc.

ONTF Details

ON24, Inc. (NYSE: ONTF) provides cloud-based digital experience platforms that help companies turn client engagement into revenue through interactive webinars, virtual events, and multimedia content experiences. Its platform's portfolio of content-rich digital experience products generates and captures actionable, real-time data at scale from millions of professionals every month, providing businesses with buying signals and behavioral insights to convert prospects into customers more efficiently.

Latest News:

9MFY21 Results:

Key Risks:

Outlook:

Valuation Methodology: EV/Sales Multiple Based Relative Valuation

(Analysis by Kalkine Group)

* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.

ONTF Daily Technical Chart (Source: REFINITIV)

Stock Recommendation:

ONTF's stock price has fallen 54.87% in the past six months and is currently close to the lower end of its 52-week range of USD 15.07 to USD 81.98. The stock is currently trading below its 50 and 200 DMA levels, and its RSI Index is at 47.21. We have valued the stock using the EV/Sales-based relative valuation methodology and arrived at a target price of USD 21.08.