Evolv Technologies Holdings (EVLV) Receives a Buy from Northland Securities – TipRanks Financial Blog

Northland Securities analyst Michael Latimore maintained a Buy rating on Evolv Technologies Holdings (EVLVResearch Report) today and set a price target of $8.50. The company’s shares closed last Friday at $5.23.

According to TipRanks, Latimore is a 5-star analyst with an average return of 20.4% and a 53.64% success rate. Latimore covers the Technology sector, focusing on stocks such as Rekor Systems, SoundHound AI, Inc Class A, and Cantaloupe.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Evolv Technologies Holdings with a $7.17 average price target, a 37.09% upside from current levels. In a report released today, TD Cowen also maintained a Buy rating on the stock with a $7.00 price target.

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Based on Evolv Technologies Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $20.19 million and a net profit of $6 million. In comparison, last year the company earned a revenue of $16.53 million and had a GAAP net loss of $18.62 million

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Evolv Technologies Holdings (EVLV) Company Description:

NewHold Investment Corp is a blank check company.

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