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Evolv Technologies (EVLV) Stock Forecast & Price Target

Evolv Technologies logo
$2.58 +0.07 (+2.79%)
(As of 11/15/2024 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

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
117.05% 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 117.05% from the current price of $2.58.
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EVLV Analyst Ratings Over Time

TypeCurrent Forecast
11/16/23 to 11/15/24
1 Month Ago
10/17/23 to 10/16/24
3 Months Ago
8/18/23 to 8/17/24
1 Year Ago
11/16/22 to 11/16/23
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)
2 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$7.67
Forecasted Upside117.05% Upside36.90% Upside61.06% Upside93.60% Upside
Consensus Rating
Hold
Moderate Buy
Moderate Buy
Moderate Buy

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.
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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.
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Evolv Technologies Stock vs. The Competition

TypeEvolv TechnologiesComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.17
2.67
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside117.05% Upside552.02% Upside9.92% Upside
News Sentiment Rating
Neutral News

See Recent EVLV News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/28/2024TD Cowen
4 of 5 stars
S. Eyal
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DowngradeStrong-Buy ➝ Strong Sell
10/28/2024Northland Capmk
0 of 5 stars
M. Latimore
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DowngradeStrong-Buy ➝ Hold
10/28/2024Lake Street Capital
3 of 5 stars
E. Martinuzzi
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Lower TargetHold ➝ Hold$3.50 ➝ $2.75-1.43%
10/28/2024Northland Securities
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 DowngradeOutperform ➝ Market Perform
5/20/2024Craig Hallum
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J. Hamblin
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Initiated CoverageBuy$8.50 ➝ $5.75+105.36%
3/28/2024Cantor Fitzgerald
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 Reiterated RatingOverweight ➝ Overweight$8.00+80.59%
8/11/2023Stifel Nicolaus
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 Boost TargetHold ➝ 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 Saturday at 12:53 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 equities research analysts have issued "buy," "hold," and "sell" ratings for Evolv Technologies in the last year. There is currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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 117.05% 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.


This page (NASDAQ:EVLV) was last updated on 11/15/2024 by MarketBeat.com Staff
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