Northland Securities Maintains Buy Rating on Enovix with $25 Price Target

Northland Securities reaffirms Buy rating on Enovix with a price target of $25.00. Analyst Gus Richard, a 5-star analyst with a 17.9% average return and 58.10% success rate, maintains the rating. Enovix has a one-year high of $16.49 and a one-year low of $5.27, with an average volume of 6.62M. Corporate insider activity is negative, with an increase in insiders selling shares over the past quarter.

Northland Securities has reaffirmed its Buy rating on Enovix (ENVX) with a price target of $25.00. The rating was maintained by Gus Richard, a 5-star analyst with a 17.9% average return and a 58.10% success rate [1]. The analyst's decision comes amidst a mixed landscape of financial performance and strategic corporate actions for the company.

Enovix has shown signs of positive technical momentum and strategic progress, despite ongoing losses and cash flow issues. The company's valuation remains a concern due to its negative P/E ratio, but the earnings call and corporate events have reflected a balance of strategic progress and financial hurdles [2]. Enovix has a one-year high of $16.49 and a one-year low of $5.27, with an average volume of 6.62M shares traded per day.

Corporate insider activity has been negative, with an increase in insiders selling shares over the past quarter. This trend could be a signal of insider sentiment, but it is important to note that insider selling does not always indicate negative sentiment [3].

Analysts' opinions on Enovix are mixed, with a majority of analysts giving a Buy or Hold rating. The stock has received 10 Buy Ratings, 15 Hold Ratings, and 0 Sell Ratings in the current month [4]. The average analyst price target for the past three months is $18.43, with a high forecast of $25.00 and a low forecast of $12.00 [5].

Enovix has outperformed its overall industry in the last calendar year, beating its EPS estimate 100.00% of the time in the past 12 months. The next quarter's earnings estimate for Enovix is -$0.17, with a range of -$0.24 to -$0.13 [6].

References:
[1] TipRanks. (2025). Enovix (ENVX) Analyst Ratings. Retrieved from https://www.tipranks.com/stocks/envx/forecast
[2] TipRanks. (2025). Enovix (ENVX) Analyst Ratings. Retrieved from https://www.tipranks.com/stocks/envx/forecast
[3] TipRanks. (2025). Enovix (ENVX) Analyst Ratings. Retrieved from https://www.tipranks.com/stocks/envx/forecast
[4] TipRanks. (2025). Enovix (ENVX) Analyst Ratings. Retrieved from https://www.tipranks.com/stocks/envx/forecast
[5] TipRanks. (2025). Enovix (ENVX) Analyst Ratings. Retrieved from https://www.tipranks.com/stocks/envx/forecast
[6] TipRanks. (2025). Enovix (ENVX) Analyst Ratings. Retrieved from https://www.tipranks.com/stocks/envx/forecast