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Evolv Technologies Holdings Inc stock reached a 52-week high, hitting $6.68, with the security technology company now commanding a market capitalization of $1.08 billion. According to InvestingPro analysis, the stock is trading above its Fair Value. This milestone reflects a notable performance in the market, with the stock experiencing a significant 1-year return of 99.39%. The company has demonstrated robust growth with revenue increasing 36.71% over the last twelve months, contributing to its upward trajectory. InvestingPro has identified 11 additional key insights for this stock. The achievement of this 52-week high underscores Evolv Technologies’ strong market presence, with analyst price targets ranging from $5.50 to $8.25, suggesting continued interest in the stock’s potential.
In other recent news, Evolv Technologies Holdings Inc. reported impressive financial results for the first quarter of 2025, with revenue reaching $32 million, exceeding the forecast of $28.15 million. The company also reported an adjusted earnings per share (EPS) of -$0.02, surpassing the anticipated -$0.06. Following these results, Craig-Hallum maintained a Buy rating on Evolv and raised the price target from $6.75 to $8.25, citing the company’s strategic cost management and resolution of an FTC inquiry as factors for accelerated growth. Northland also upgraded Evolv’s stock rating to Outperform, setting a price target of $7.50, following Evolv’s first earnings call with its new CEO and CFO. Lake Street Capital Markets increased the price target for Evolv to $5.50, reflecting a positive outlook on the company’s sales strategy, while maintaining a Hold rating. In addition, Gwinnett Schools near Atlanta approved a $19.36 million deal to deploy Evolv’s security systems across approximately 60 schools. Northland reiterated an Outperform rating with a $7.50 price target, emphasizing the company’s improved sales cycles and subscription sales. These recent developments highlight Evolv’s strong position in the weapons detection market and its commitment to growth.
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