Stifel Maintains Hold on Evolv Technologies, Raises Price Target to $5
Portfolio Pulse from jenniferd'souza@benzinga.com
Stifel analyst Brad Reback maintains a 'Hold' rating on Evolv Technologies (NASDAQ:EVLV) and raises the price target from $2 to $5.
August 11, 2023 | 11:33 am
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Stifel analyst Brad Reback maintains a 'Hold' rating on Evolv Technologies and raises the price target from $2 to $5.
The news is directly related to Evolv Technologies. The raised price target from $2 to $5 by Stifel analyst Brad Reback indicates a positive outlook for the company's stock in the short term. However, the 'Hold' rating suggests that the stock is expected to perform in line with the market or sector in the next 12 months, which means the impact might not be immediate.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100