
EVLV Stock Forecast & Price Target
EVLV Analyst Ratings
Bulls say
Evolv Technologies Holdings Inc has demonstrated robust financial growth, with a significant 66.4% year-over-year increase in Recognized Performance Obligations (RPO) to $240.5 million and a notable addition of 75 new customers in the fourth quarter of 2023. The company's Annual Recurring Revenue (ARR) surged to $65.8 million, marking a striking 128.9% increase from the prior year, while the gross margin for subscription services expanded substantially to 59.8%, reflecting improved operational efficiency. Furthermore, with management's conservative guidance for 2024 and an upward revision of unit deployment expectations for 2025, favorable conditions for sustained growth in subscription revenue and customer expansion remain strong.
Bears say
Evolv Technologies Holdings Inc reported a reduction in 2024 revenue and adjusted EBITDA estimates, attributed to conservative management guidance, which raises concerns about the company's growth potential. Key risks include a slowdown in unit growth that could prolong the timeline to positive free cash flow, challenges in go-to-market initiatives, and the possibility of manufacturing issues, all of which could negatively impact revenue and margins. Additionally, potential competition and deteriorating macroeconomic conditions may further complicate customer purchasing decisions, adding to the negative outlook for the company's financial performance.
This aggregate rating is based on analysts' research of Evolv Technologies Holdings and is not a guaranteed prediction by Public.com or investment advice.
EVLV Analyst Forecast & Price Prediction
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