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EVLV Stock Forecast & Price Target

EVLV Analyst Ratings

Based on 12 analyst ratings
Buy
Strong Buy 50%
Buy 33%
Hold 17%
Sell 0%
Strong Sell 0%

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.

EVLV has been analyzed by 12 analysts, with a consensus rating of Buy. 50% of analysts recommend a Strong Buy, 33% recommend Buy, 17% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Evolv Technologies Holdings and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Evolv Technologies Holdings (EVLV) Forecast

Analysts have given EVLV a Buy based on their latest research and market trends.

According to 12 analysts, EVLV has a Buy consensus rating as of Jul 5, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $5.75, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $5.75, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Evolv Technologies Holdings (EVLV)


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