Evolv Technologies (EVLV) Stock Forecast & Price Target

$2.62 -0.11 (-4.03%)

(As of 11/20/2024 ET)

Evolv Technologies - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 6 Analyst Ratings

Sell
1

Hold
3

Buy
2

Based on 6 Wall Street analysts who have issued ratings for Evolv Technologies in the last 12 months, the stock has a consensus rating of "Hold." Out of the 6 analysts, 1 has given a sell rating, 3 have given a hold rating, and 2 have given a buy rating for EVLV.

Consensus Price Target

$5.60
113.74% Upside

According to the 6 analysts' twelve-month price targets for Evolv Technologies, the average price target is $5.60. The highest price target for EVLV is $8.00, while the lowest price target for EVLV is $2.75. The average price target represents a forecasted upside of 113.74% from the current price of $2.62.

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EVLV Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	3 Buy rating(s)
Hold	3 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$5.60	$5.75	$5.75	$7.25
Forecasted Upside	113.74% Upside	28.92% Upside	41.28% Upside	79.01% Upside
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Moderate Buy

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EVLV Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

EVLV Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Evolv Technologies Stock vs. The Competition

Type	Evolv Technologies	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.17	2.68	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	113.74% Upside	552.66% Upside	9.81% Upside
News Sentiment Rating	Neutral News See Recent EVLV News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/28/2024	TD Cowen 4 of 5 stars	S. Eyal Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Strong Sell
10/28/2024	Northland Capmk 0 of 5 stars	M. Latimore Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
10/28/2024	Lake Street Capital 3 of 5 stars	E. Martinuzzi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$3.50 ➝ $2.75	-1.43%
10/28/2024	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
5/20/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Hamblin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$8.50 ➝ $5.75	+105.36%
3/28/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$8.00	+80.59%
8/11/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$2.00 ➝ $5.00	-14.24%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:42 AM ET.

EVLV Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Evolv Technologies is $5.60, with a high forecast of $8.00 and a low forecast of $2.75.
: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Evolv Technologies in the last twelve months. There is currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" EVLV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EVLV, but not buy additional shares or sell existing shares.
: According to analysts, Evolv Technologies's stock has a predicted upside of 113.74% based on their 12-month stock forecasts.
: Over the previous 90 days, Evolv Technologies's stock had 3 downgrades by analysts.
: Evolv Technologies has been rated by research analysts at Lake Street Capital, Northland Capmk, Northland Securities, and TD Cowen in the past 90 days.
: Analysts like Evolv Technologies less than other "computer and technology" companies. The consensus rating for Evolv Technologies is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how EVLV compares to other companies.

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This page (NASDAQ:EVLV) was last updated on 11/21/2024 by MarketBeat.com Staff

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Evolv Technologies (EVLV) Stock Forecast & Price Target