Craig-Hallum analyst Chad Bennett initiated coverage of Evolv with a Buy rating and $6 price target. With the United States having faced a growing number of mass shootings in recent years, Evolv is "revolutionizing weapons detection when it is needed the most," the analyst tells investors. Evolv is "rapidly" gaining share, adds the firm, which predicts "prolonged hyper-growth" to be accompanied by "massive" margin improvement.
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Published first on TheFly
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