Enovix (ENVX) Offering Huge Upside Amid Potential Across Smartphone Battery Market

Enovix Corp (NASDAQ:ENVX) is 1 of the astir promising small-cap concern stocks nether $50.

On December 11, George Gianarikas of Canaccord Genuity reiterated his bullish stance connected Enovix Corp. (NASDAQ:ENVX). The expert rated the banal arsenic Buy with a people terms of $21. In enactment with Gianarikas’s estimates, the banal has an astounding upside imaginable of 152%, aft declining 24% during 2025.

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Gianarikas has based his presumption connected the management’s strategical recognition of the smartphone artillery marketplace arsenic the largest addressable marketplace for the business. Not lone does it connection precocious volumes, but it besides eases the company’s entree into caller segments specified arsenic AR/VR headsets and audio devices. On that front, the expert besides mentioned the company’s ongoing concern with smartphone shaper Honor, which is based connected Enovix’s high-energy-density silicon-anode AI-1 battery.

According to Gianarikas, upside imaginable for the banal stems from assorted different factors, specified arsenic their inorganic maturation strategy, diversification of gross mix, and their plans to found a manufacturing hub successful South Korea.

Besides that, Enovix Corp (NASDAQ:ENVX) banal has received sum from 9 analysts arsenic of December 22. 7 analysts person fixed a Buy rating, and 2 person fixed Hold calls to the stock. According to statement estimates, the median 1-year terms people for the banal is $19, implying astir 128% upside astatine the existent marketplace price.

Enovix Corp (NASDAQ:ENVX) designs and manufactures lithium-ion artillery cells that person applications crossed mobiles, IoT, electrical vehicles, and computing devices. These batteries are highly businesslike with ultimate thermal performance, and an architecture that allows for 100% progressive silicon anode for precocious vigor density.

While we admit the imaginable of ENVX arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.