Stifel Reiterates Hold Rating on Blink Charging Co. (BLNK)

Stifel analyst Stephen Gengaro reiterated a Hold rating and $3.50 price target on Blink Charging Co. (NASDAQ: BLNK).

The analyst commented, "We believe BLNK's 4Q24 results are about neutral for the shares. Revenue rose sequentially and were close to the consensus, while adjusted EBITDA of ($10.6) million missed our ($7.8) million expectations. Excluding one-time noise, gross margins exceeded our forecast, and management has made progress cutting costs. Management reiterated its focus on cost initiatives and revenue growth, with commentary suggesting a more visible outlook for breakeven EBITDA as we progress through 2025. We remain cautious based on limited near-term growth, and await visibility on 2H25 improvement."

For an analyst ratings summary and ratings history on Blink Charging Co. click here. For more ratings news on Blink Charging Co. click here.

Shares of Blink Charging Co. closed at $0.90 yesterday.

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