BLNK Stock Forecast: The scramble for Electric Vehicles and a charging network

Joshua GellerThis BLNK Stock Forecast article was written by Joshua Geller – Financial Analyst intern I Know First.

Highlights:

  • Blink Co. 's stock price has increased by 1,241% over the past year. However, the estimation of its fair value is $10.37 which is a 75% decrease from its current market price. Ultimately, the recommendation is not to buy, although I Know First predictive algorithm has a bullish forecast for BLNK stock price.
  • Q4 2020 saw a huge bullish momentum in Blink's and its competitors share prices. Leading to possible market speculation in anticipating the emergence of the EV market and subsequent EV technologies.
  • The Biden administration projects at least half a million charging stations to be in the U.S. by 2030 and is levying mandates and grants to companies to get there. Making Blink highly dependent on its ability to scale faster than its competitors before the EV charging stations network develops.

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