Cantor Fitzgerald Reiterates Overweight on Enovix, Maintains $30 Price Target
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Derek Soderberg has reiterated an Overweight rating on Enovix (NASDAQ:ENVX) and maintained a price target of $30.
January 18, 2024 | 4:16 pm
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Cantor Fitzgerald analyst Derek Soderberg reaffirmed an Overweight rating on Enovix with a steady price target of $30, indicating a positive outlook on the stock.
The reiteration of an Overweight rating and the maintenance of a $30 price target by a reputable analyst like Derek Soderberg could lead to increased investor confidence in Enovix. This positive endorsement is likely to have a favorable impact on the stock price in the short term as it suggests the analyst's belief in the company's potential for growth and solid performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100