EVgo Inc. (EVGO) shares plunged 5.09% in Tuesday's intraday trading, as investors reacted to conflicting analyst price target adjustments. The electric vehicle charging network provider's stock took a hit despite a mixed bag of Wall Street assessments.

JP Morgan delivered a blow to EVgo's market sentiment by cutting its price target from $7 to $6, signaling reduced confidence in the company's near-term prospects. This downward revision appears to have outweighed a more optimistic view from UBS, which raised its target price for EVgo from $5.4 to $5.9.

The stark contrast in analyst opinions highlights the uncertainty surrounding EVgo's future performance in the competitive EV charging market. While UBS's upgrade suggests some positive developments, JP Morgan's more substantial cut seems to have resonated more strongly with investors, driving the significant sell-off. As the EV industry continues to evolve rapidly, market participants are closely monitoring how companies like EVgo navigate challenges and capitalize on growth opportunities in this dynamic sector.