
EVLV Stock Forecast & Price Target
EVLV Analyst Ratings
Bulls say
Evolv Technologies Holdings Inc has demonstrated significant growth, with a total revenue of $32.5 million, reflecting a 29% year-over-year increase, which aligns with Cantor's estimates and surpasses street expectations. The company has successfully acquired 20 new Expedite customers and received approximately 100 new system orders in the second quarter, indicative of strong customer demand and market expansion. Furthermore, the pivot towards a direct fulfillment subscription model, where the firm retains ownership of equipment, is expected to enhance revenue, cash flow, and annual recurring revenue (ARR), contributing to a robust financial outlook.
Bears say
Evolv Technologies Holdings Inc faces significant risks that could negatively impact its financial performance, including a potential slowdown in unit growth which may hinder revenue growth and margin expansion. Additionally, uncertainties regarding the effectiveness of go-to-market investments, manufacturing challenges, and increased competition pose threats to the company's ability to deploy products effectively and maintain market share. Economic downturns may also lead customers to postpone purchasing decisions, further complicating the company's path to positive free cash flow.
This aggregate rating is based on analysts' research of Evolv Technologies Holdings and is not a guaranteed prediction by Public.com or investment advice.
EVLV Analyst Forecast & Price Prediction
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