Electric-vehicle charging stations provider ChargePoint could make a massive recovery, according to UBS.
He assigned a price target of $9, implying shares could gain 85.6% from Tuesday's closing price.
UBS said the worsened sentiment around ChargePoint has created an "attractive risk/reward" profile for investors.
The company has 33,000 charging stations, UBS noted.
"This charging type leverages dwell times of cars and are therefore deployed in settings where EVs will be parked for several hours."
Persons:
Robert Jamieson, ChargePoint, Jamieson, Harris, — CNBC's Michael Bloom
Organizations:
UBS, EV, Biden
Locations:
United States