Why Enovix (ENVX) Stock Is Climbing Higher Friday
Portfolio Pulse from Erica Kollmann
Enovix Corp. (NASDAQ:ENVX) shares are trading higher after the company announced it achieved its quarterly milestone of producing 18,000 cells ahead of schedule. The company now expects to exceed its previous outlook for the second quarter. Canaccord Genuity analyst George Gianarikas reiterated ENVX with a Buy rating and maintained a $20 price target per share.
June 16, 2023 | 4:41 pm
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Enovix Corp. shares are trading higher after achieving its quarterly milestone of producing 18,000 cells ahead of schedule and expecting to exceed its Q2 outlook. Canaccord Genuity analyst maintains a Buy rating and $20 price target.
Enovix Corp. achieved its quarterly milestone ahead of schedule, which indicates strong operational performance and potential for exceeding its Q2 outlook. This positive news, combined with the Buy rating and $20 price target maintained by Canaccord Genuity analyst George Gianarikas, is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100