Piper Sandler analyst Alexander Potter raised the firm’s price target on Enovix to $25 from $22.50 and keeps an Overweight rating on the shares. The analyst suspect the post-earnings share strength is due to Enovix’s apparent progress toward boosting cash with funding from governments and strategic partners.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
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