Craig-Hallum lowered the firm’s price target on Enovix to $15 from $23 and keeps a Buy rating on the shares. The firm continues to believe Enovix’s battery technology holds tons of promise but delivering on volume/high yield batteries appears to be a mid-year 2024-plus event.
Published first on TheFly
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Read More on ENVX:
- Enovix reports Q EPS (19c), consensus (16c)
- Enovix Announces Fourth Quarter and Full Year 2022 Financial Results
- Enovix options imply 17.0% move in share price post-earnings
- Enovix Technologist to Speak on Battery Advances at Upcoming Industry Conferences
- Enovix put volume heavy and directionally bearish
