Key Highlights:
- Evolv Technologies (EVLV, Financial) achieves a near two-year high in stock prices.
- Analysts project a potential upside for EVLV shares with an "Outperform" rating.
- GuruFocus estimates suggest significant growth potential in EVLV's fair value.
Evolv Technologies (EVLV) shares have surged to a near two-year peak. This increase follows the Columbus Crew's decision to renew their contract for the Express security screening systems at Lower.com Field. Initially set up in 2021, this contract renewal emphasizes the ongoing demand for Evolv's security solutions, with EVLV stock witnessing a remarkable rise of over 9%, continuing its recent upward trend.
Wall Street Analysts Forecast
According to projections by four analysts, the average one-year price target for Evolv Technologies Holdings Inc (EVLV, Financial) is $7.06. This target includes a high estimate of $8.25 and a low estimate of $5.50. The average target indicates a potential upside of 7.66% from the current price of $6.56. For more detailed estimate data, visit the Evolv Technologies Holdings Inc (EVLV) Forecast page.
The consensus among four brokerage firms places Evolv Technologies Holdings Inc (EVLV, Financial) in an "Outperform" status, with an average recommendation rating of 2.3. The rating system ranges from 1 (Strong Buy) to 5 (Sell), suggesting positive market expectations for EVLV.
GF Value Estimation
GuruFocus estimates indicate the GF Value for Evolv Technologies Holdings Inc (EVLV, Financial) over the next year is $7.57, predicting an upside of 15.4% from the current price of $6.56. The GF Value is GuruFocus' estimation of a stock's fair value, derived from historical trading multiples, past business growth, and future business performance forecasts. For additional data, please refer to the Evolv Technologies Holdings Inc (EVLV) Summary page.
