Why Analysts Favor Evolv Technologies (EVLV)

On December 22, Northland Securities expert Michael Latimore reaffirmed his bullish presumption connected Evolv Technologies Holdings Inc. (NASDAQ:EVLV). He assigned a Buy standing to the banal with a terms people of $9.5, which offers astir 38% upside imaginable to investors.

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The statement sentiment towards Evolv Technologies Holdings Inc. (NASDAQ:EVLV) is besides positive. As of the December 22 closing, the banal has received Buy ratings from each 4 analysts covering it. Such bullish statement has resulted successful an estimated 1-year mean terms people of $9.83. This implies a 39.4% upside from the existent level.

On December 16, the institution announced a large improvement regarding its Evolv Express product. The merchandise has been deployed astatine Pechanga Arena, which is simply a 14,000-seater multi-purpose sports and amusement venue successful San Diego. This is different summation to Evolv Technologies Holdings’ (NASDAQ:EVLV) expanding footprint crossed cardinal venues successful the state.

Evolv Technologies Holdings Inc. (NASDAQ:EVLV) is simply a information exertion institution that offers AI-enabled end-to-end information solutions. With quality information astatine its core, the institution delivers AI-driven information screening and analytics covering nationalist venues, hospitals, and schools.

While we admit the imaginable of EVLV 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.