Lake Street upgrades Evolv Technologies to Buy, raises PT to $9.
ByAinvest
Friday, Aug 15, 2025 11:21 am ET1min read
EVLV--
Evolv Technologies has expanded its reach across various sectors, including education, healthcare, and sports & entertainment venues, and secured a new industrial contract with a Fortune 50 company [1]. The company also won a significant $15 million contract with Gwinnett County Public Schools, Georgia’s largest school district, to protect more than 180,000 students [1].
Lake Street Capital cited "strengthening tailwinds" for the business as justification for the rating upgrade and higher price target, raising its 2025 revenue and adjusted EBITDA forecasts for the company [1]. The stock has already delivered impressive returns, surging over 100% in the past year and currently trading near its 52-week high of $7.57 [1].
Cantor Fitzgerald also raised its price target on Evolv Technologies to $9.00 from $7.00 while maintaining an Overweight rating, citing strong quarterly performance [2]. The company reported total revenue of $32.5 million for the second quarter of 2025, representing 29% year-over-year growth, and exceeded consensus expectations by 5.3% [2].
Evolv Technologies is shifting its go-to-market strategy to focus on its direct fulfillment subscription model, which offers more attractive economics despite near-term pressure on gross margins [2]. The company anticipates becoming cash flow positive in the fourth quarter of 2025 [2].
References:
[1] https://ca.investing.com/news/analyst-ratings/evolv-technologies-stock-rating-upgraded-to-buy-by-lake-street-capital-93CH-4162526
[2] https://www.investing.com/news/analyst-ratings/cantor-fitzgerald-raises-evolv-technologies-stock-price-target-to-9-on-strong-growth-93CH-4195544
Lake Street upgrades Evolv Technologies to Buy, raises PT to $9.
Lake Street Capital Markets has upgraded its rating for Evolv Technologies Holdings Inc. (NASDAQ: EVLV) to "Buy" and raised its price target to $9.00, following the company's strong second-quarter results [1]. The security technology company reported better-than-expected revenue and adjusted EBITDA, with 56% of its annual recurring revenue (ARR) coming from existing customers [1].Evolv Technologies has expanded its reach across various sectors, including education, healthcare, and sports & entertainment venues, and secured a new industrial contract with a Fortune 50 company [1]. The company also won a significant $15 million contract with Gwinnett County Public Schools, Georgia’s largest school district, to protect more than 180,000 students [1].
Lake Street Capital cited "strengthening tailwinds" for the business as justification for the rating upgrade and higher price target, raising its 2025 revenue and adjusted EBITDA forecasts for the company [1]. The stock has already delivered impressive returns, surging over 100% in the past year and currently trading near its 52-week high of $7.57 [1].
Cantor Fitzgerald also raised its price target on Evolv Technologies to $9.00 from $7.00 while maintaining an Overweight rating, citing strong quarterly performance [2]. The company reported total revenue of $32.5 million for the second quarter of 2025, representing 29% year-over-year growth, and exceeded consensus expectations by 5.3% [2].
Evolv Technologies is shifting its go-to-market strategy to focus on its direct fulfillment subscription model, which offers more attractive economics despite near-term pressure on gross margins [2]. The company anticipates becoming cash flow positive in the fourth quarter of 2025 [2].
References:
[1] https://ca.investing.com/news/analyst-ratings/evolv-technologies-stock-rating-upgraded-to-buy-by-lake-street-capital-93CH-4162526
[2] https://www.investing.com/news/analyst-ratings/cantor-fitzgerald-raises-evolv-technologies-stock-price-target-to-9-on-strong-growth-93CH-4195544
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet