Enovix price target raised to $20 from $17 at Canaccord

Canaccord raised the firm’s price target on Enovix to $20 from $17 and keeps a Buy rating on the shares. The firm said as AI penetrates the world, its energy demands are proving Herculean, taxing our grid infrastructure noting the company is bringing innovative, industry-altering technology to the battery ecosystem; technology that could be made necessary thanks to the emergence of AI.