Shares of Navitas Semiconductor Corp (NVTS) experienced a significant downturn in Tuesday's pre-market trading, plummeting 5.14% following a notable downgrade from Deutsche Bank. This sharp decline comes on the heels of Monday's trading session, where the stock had already suffered a 5.42% drop, indicating continued pressure on the semiconductor company's shares.

The primary catalyst for the stock's plunge appears to be Deutsche Bank's decision to downgrade Navitas Semiconductor from Buy to Hold. Interestingly, despite the downgrade, the financial institution raised its price target for NVTS from $3.5 to $7, doubling its previous valuation. This mixed signal has left investors grappling with conflicting sentiments about the company's near-term prospects versus its long-term potential.

As the market digests this complex outlook, it remains to be seen how Navitas Semiconductor will navigate these challenges. The contrasting nature of the downgrade and increased price target underscores the sensitivity of semiconductor stocks to analyst ratings and market sentiment. In the coming trading sessions, investors will likely be closely monitoring any steps the company might take to address concerns and regain market confidence in light of this influential analyst revision.