• UBS analyst William Grippin sets a price target of $2 for Blink Charging Co. (NASDAQ:BLNK), suggesting an 18.34% potential increase.
• The downgrade from Buy to Neutral by UBS reflects concerns over slower EV adoption and its impact on Blink's sales outlook.
• Blink Charging's stock price stands at $1.69, with a year's fluctuation between $1.53 and $4.66.

Blink Charging Co. (NASDAQ:BLNK) is a company that provides electric vehicle (EV) charging equipment and services. It operates a network of charging stations across the United States and offers both residential and commercial charging solutions. Blink competes with other EV charging companies like ChargePoint and EVgo. The company aims to support the growing demand for EV infrastructure.

On November 14, 2024, UBS analyst William Grippin set a price target of $2 for Blink Charging, while the stock was trading at $1.69. This target suggests an 18.34% potential increase. However, UBS downgraded Blink from a Buy to a Neutral rating, as highlighted by StreetInsider. This downgrade reflects concerns about the company's future performance.

UBS's decision to downgrade Blink Charging is influenced by several factors. The firm points to a higher likelihood of slower EV adoption, which could negatively impact Blink's sales outlook. Additionally, the recent U.S. Presidential election has increased the risk that potential commercial and fleet customers may delay purchasing EV charging equipment. This hesitation is due to worsening market sentiment regarding EV policies and adoption rates.

Currently, Blink's stock price is $1.69, showing a decrease of 5.06% with a change of $0.09. The stock has fluctuated between $1.69 and $1.82 today. Over the past year, BLNK has reached a high of $4.66 and a low of $1.53. The company's market capitalization is approximately $170.9 million, and the trading volume is 5,109,431 shares on the NASDAQ exchange.