Stock Track | ChargePoint Holdings Plummets 5.71% Amid Analyst Price Target Cut

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ChargePoint Holdings Inc. (CHPT) stock plummeted 5.71% intraday on Tuesday, significantly underperforming the broader market.

The sell-off in the electric vehicle charging company's shares came after UBS analysts lowered their price target on ChargePoint to $1.30 from $1.50, maintaining a Neutral rating. According to analysts polled by FactSet, ChargePoint currently has an average rating of "Hold" and a mean price target of $2.13, suggesting potential upside from current levels.

The analyst price target cut could be weighing on investor sentiment towards ChargePoint, as it indicates reduced optimism about the company's near-term prospects and valuation. However, the broader analyst consensus remains relatively neutral, with a "Hold" rating on average.

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(CHPT) stock plummeted 5.71% intraday on Tuesday, significantly underperforming the broader market.\nThe sell-off in the electric vehicle charging company's shares came after ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CHPT","symbol_name":"ChargePoint Holdings Inc.","start_time":0,"source_url":"","article_id":"1185096532","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1185096532","pubTimestamp":1733842628,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"ChargePoint Holdings Inc.  stock plummeted 5.71% intraday on Tuesday, significantly underperforming the broader market.The sell-off in the electric vehicle charging company's shares came after UBS analysts lowered their price target on ChargePoint to $1.30 from $1.50, maintaining a Neutral rating. 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