Evolv price target raised to $10 from $7 at Craig-Hallum

Craig-Hallum analyst Chad Bennett raised the firm’s price target on Evolv to $10 from $7 and keeps a Buy rating on the shares. Evolv reported a sizable Q2 beat and raised guidance for the year, and Craig-Hallum says Evolv is poised for strong growth as it is in very early innings of growth opportunity and demonstrating market leadership with its unique weapons detection systems.