Enovix Receives Neutral Recommendation from B of A Securities, Analysts Predict 447.66% Upside

B of A Securities initiates coverage of Enovix with a neutral recommendation. Analysts predict a 447.66% upside from the stock's current price of $5.01/share, with a projected annual revenue of $181MM and non-GAAP EPS of -$0.54. The number of funds or institutions reporting positions in Enovix decreased by 19.07% to 382, with average portfolio weight increasing by 11.66%.