BofA Analysts Remain Cautious on Enovix Amid Manufacturing Challenges

Enovix Corporation (ENVX) is a developer of silicon-anode lithium-ion batteries with potential for high-energy-density batteries. Analysts are cautious due to manufacturing difficulties and negative margins in the coming years, but a consensus price target of $12.50 suggests a potential upside of 146.55%. Despite concerns, nearly 73% of analysts maintain bullish ratings on ENVX.