Craig-Hallum raised the firm’s price target on Evolv (EVLV) to $6.75 from $5.75 and keeps a Buy rating on the shares. The firm notes the company issued an unequivocally positive business update that provides a high degree of confidence the business is on an upward trajectory under the leadership of new CEO John Kedzierski.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EVLV:
- Evolv Technologies Announces Leadership Changes for Growth
- Evolv appoints Robert Marshall chief revenue officer
- Evolv Technologies Announces Layoffs and Resolves FTC Inquiry
- Evolv Technologies Holdings options imply 5.4% move in share price post-earnings
- Evolv Technologies Holdings options imply 6.8% move in share price post-earnings