Evolv Technologies (EVLV) Stock Forecast, Price Target & Predictions

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EVLV Stock Forecast

Evolv Technologies stock forecast is as follows: an average price target of $2.75 (represents a -27.44% downside from EVLV’s last price of $3.79) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.

EVLV Price Target

The average price target for Evolv Technologies (EVLV) is $2.75 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $2.75 to $2.75. This represents a potential -27.44% downside from EVLV's last price of $3.79.

EVLV Analyst Ratings

Buy

According to 2 Wall Street analysts, Evolv Technologies's rating consensus is 'Buy'. The analyst rating breakdown for EVLV stock is 0 'Strong Buy' (0.00%), 1 'Buy' (50.00%), 1 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Evolv Technologies Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 28, 2024	Eric Martinuzzi	Lake Street	$2.75	$2.60	5.57%	-27.44%
Mar 28, 2024	Brett Knoblauch	New Street	$8.00	$4.51	77.38%	111.08%
Feb 08, 2023		Cantor Fitzgerald	$5.40	$3.18	69.81%	42.48%

The latest Evolv Technologies stock forecast, released on Oct 28, 2024 by Eric Martinuzzi from Lake Street, set a price target of $2.75, which represents a 5.57% increase from the stock price at the time of the forecast ($2.60), and a -27.44% decrease from EVLV last price ($3.79).

Evolv Technologies Price Target by Period

	1M	3M	12M
# Anlaysts	-	1	2
Avg Price Target	-	$2.75	$5.38
Last Closing Price	$3.79	$3.79	$3.79
Upside/Downside	-100.00%	-27.44%	41.95%

In the current month, the average price target of Evolv Technologies stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Evolv Technologies's last price of $3.79. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 28, 2024	Lake Street	Hold	Hold	Hold
May 20, 2024	Lake Street	Buy	Buy	Hold
May 20, 2024	Craig-Hallum	Underperform	Underperform	Hold
May 10, 2024	Lake Street		Hold	Downgrade
May 23, 2023	Cantor Fitzgerald	Overweight	Overweight	Hold

Evolv Technologies's last stock rating was published by Lake Street on Oct 28, 2024. The company gave EVLV a "Hold" rating, the same as its previous rate.

Evolv Technologies Financial Forecast

Evolv Technologies Revenue Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21
Revenue	-	-	-	-	-	-	-	-	$21.82M	$20.19M	$19.82M	$18.58M	$20.89M	$16.53M	$9.07M	$8.71M	$6.85M	$8.37M	-
Avg Forecast	$34.87M	$33.27M	$31.50M	$29.03M	$27.53M	$26.20M	$23.84M	$22.81M	$19.32M	$18.90M	$14.28M	$15.35M	$12.92M	$7.29M	$6.53M	$5.26M	$5.07M	$5.36M	$3.18M
High Forecast	$34.87M	$33.27M	$31.50M	$29.03M	$27.53M	$26.20M	$23.84M	$22.81M	$20.54M	$18.90M	$14.28M	$15.35M	$12.92M	$7.29M	$6.53M	$5.26M	$5.07M	$5.36M	$3.18M
Low Forecast	$34.87M	$33.27M	$31.50M	$29.03M	$27.53M	$26.20M	$23.84M	$22.81M	$18.10M	$18.90M	$14.28M	$15.35M	$12.92M	$7.29M	$6.53M	$5.26M	$5.07M	$5.36M	$3.18M
# Analysts	1	1	1	1	1	2	1	1	2	1	1	1	1	1	1	1	1	1	1
Surprise %	-	-	-	-	-	-	-	-	1.13%	1.07%	1.39%	1.21%	1.62%	2.27%	1.39%	1.66%	1.35%	1.56%	-

Evolv Technologies's average Quarter revenue forecast for Mar 24 based on 1 analysts is $22.81M, with a low forecast of $22.81M, and a high forecast of $22.81M. EVLV's average Quarter revenue forecast represents a 4.52% increase compared to the company's last Quarter revenue of $21.82M (Dec 23).

Evolv Technologies EBITDA Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21
# Analysts	1	1	1	1	1	2	1	1	2	1	1	1	1	1	1	1	1	1	1
EBITDA	-	-	-	-	-	-	-	-	$-21.91M	$-20.24M	$-23.63M	$-20.31M	$-25.57M	$-22.47M	$-24.50M	$-23.18M	$1.58M	$23.04M	$-7.63M
Avg Forecast	$-28.46M	$-27.15M	$-25.71M	$-23.70M	$-22.47M	$-21.39M	$-19.46M	$-18.62M	$-15.77M	$-15.43M	$-11.65M	$-12.53M	$-10.54M	$-7.24M	$-6.49M	$-22.87M	$-5.04M	$-5.33M	$-15.44M
High Forecast	$-28.46M	$-27.15M	$-25.71M	$-23.70M	$-22.47M	$-21.39M	$-19.46M	$-18.62M	$-14.77M	$-15.43M	$-11.65M	$-12.53M	$-10.54M	$-7.24M	$-6.49M	$-18.30M	$-5.04M	$-5.33M	$-12.35M
Low Forecast	$-28.46M	$-27.15M	$-25.71M	$-23.70M	$-22.47M	$-21.39M	$-19.46M	$-18.62M	$-16.77M	$-15.43M	$-11.65M	$-12.53M	$-10.54M	$-7.24M	$-6.49M	$-27.45M	$-5.04M	$-5.33M	$-18.53M
Surprise %	-	-	-	-	-	-	-	-	1.39%	1.31%	2.03%	1.62%	2.43%	3.10%	3.77%	1.01%	-0.31%	-4.32%	0.49%

1 analysts predict EVLV's average Quarter EBITDA for Mar 22 to be $-22.87M, with a high of $-18.30M and a low of $-27.45M. This is -1548.67% lower than Evolv Technologies's previous annual EBITDA (Dec 21) of $1.58M.

Evolv Technologies Net Income Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21
# Analysts	1	1	1	1	1	2	1	1	2	1	1	1	1	1	1	1	1	1	1
Net Income	-	-	-	-	-	-	-	-	$-16.89M	$6.00M	$-66.75M	$-34.44M	$7.14M	$-10.63M	$-26.09M	$-3.06M	$2.57M	$22.75M	$-7.63M
Avg Forecast	$-6.29M	$-6.86M	$-8.58M	$-10.29M	$-11.44M	$-13.73M	$-15.01M	$-14.87M	$-15.87M	$-18.87M	$-20.16M	$-23.59M	$-21.87M	$-24.02M	$-22.30M	$-20.16M	$-17.73M	$-19.30M	$-20.59M
High Forecast	$-6.29M	$-6.86M	$-8.58M	$-10.29M	$-11.44M	$-13.73M	$-15.01M	$-14.87M	$-15.87M	$-18.87M	$-20.16M	$-23.59M	$-21.87M	$-24.02M	$-22.30M	$-20.16M	$-17.73M	$-19.30M	$-16.47M
Low Forecast	$-6.29M	$-6.86M	$-8.58M	$-10.29M	$-11.44M	$-13.73M	$-15.01M	$-14.87M	$-15.87M	$-18.87M	$-20.16M	$-23.59M	$-21.87M	$-24.02M	$-22.30M	$-20.16M	$-17.73M	$-19.30M	$-24.71M
Surprise %	-	-	-	-	-	-	-	-	1.06%	-0.32%	3.31%	1.46%	-0.33%	0.44%	1.17%	0.15%	-0.15%	-1.18%	0.37%

Evolv Technologies's average Quarter net income forecast for Dec 23 is $-15.87M, with a range of $-15.87M to $-15.87M. EVLV's average Quarter net income forecast represents a -364.54% decrease compared to the company's last Quarter net income of $6.00M (Sep 23).

Evolv Technologies SG&A Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21
# Analysts	1	1	1	1	1	2	1	1	2	1	1	1	1	1	1	1	1	1	1
SG&A	-	-	-	-	-	-	-	-	$25.91M	$25.19M	$24.49M	$21.73M	$21.69M	$20.37M	$21.36M	$23.15M	$18.97M	$15.49M	$6.68M
Avg Forecast	$63.68M	$60.75M	$57.53M	$53.02M	$50.28M	$47.85M	$43.54M	$41.65M	$35.28M	$34.52M	$26.07M	$28.03M	$23.59M	$13.31M	$11.93M	$9.61M	$9.26M	$9.79M	$5.80M
High Forecast	$63.68M	$60.75M	$57.53M	$53.02M	$50.28M	$47.85M	$43.54M	$41.65M	$37.52M	$34.52M	$26.07M	$28.03M	$23.59M	$13.31M	$11.93M	$9.61M	$9.26M	$9.79M	$5.80M
Low Forecast	$63.68M	$60.75M	$57.53M	$53.02M	$50.28M	$47.85M	$43.54M	$41.65M	$33.05M	$34.52M	$26.07M	$28.03M	$23.59M	$13.31M	$11.93M	$9.61M	$9.26M	$9.79M	$5.80M
Surprise %	-	-	-	-	-	-	-	-	0.73%	0.73%	0.94%	0.78%	0.92%	1.53%	1.79%	2.41%	2.05%	1.58%	1.15%

Evolv Technologies's average Quarter SG&A projection for Mar 24 is $41.65M, based on 1 Wall Street analysts, with a range of $41.65M to $41.65M. The forecast indicates a 60.79% rise compared to EVLV last annual SG&A of $25.91M (Dec 23).

Evolv Technologies EPS Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21
# Analysts	1	1	1	1	1	2	1	1	2	1	1	1	1	1	1	1	1	1	1
EPS	-	-	-	-	-	-	-	-	$-0.11	$0.04	$-0.45	$-0.24	$0.05	$-0.07	$-0.18	$-0.02	$0.02	$0.19	$-0.05
Avg Forecast	$-0.04	$-0.04	$-0.05	$-0.06	$-0.07	$-0.08	$-0.09	$-0.09	$-0.09	$-0.11	$-0.12	$-0.14	$-0.13	$-0.14	$-0.13	$-0.12	$-0.10	$-0.11	$-0.17
High Forecast	$-0.04	$-0.04	$-0.05	$-0.06	$-0.07	$-0.08	$-0.09	$-0.09	$-0.09	$-0.11	$-0.12	$-0.14	$-0.13	$-0.14	$-0.13	$-0.12	$-0.10	$-0.11	$-0.17
Low Forecast	$-0.04	$-0.04	$-0.05	$-0.06	$-0.07	$-0.08	$-0.09	$-0.09	$-0.09	$-0.11	$-0.12	$-0.14	$-0.13	$-0.14	$-0.13	$-0.12	$-0.10	$-0.11	$-0.17
Surprise %	-	-	-	-	-	-	-	-	1.19%	-0.36%	3.83%	1.75%	-0.39%	0.53%	1.38%	0.18%	-0.18%	-1.69%	0.32%

According to 2 Wall Street analysts, Evolv Technologies's projected average Quarter EPS for Dec 23 is $-0.09, with a low estimate of $-0.09 and a high estimate of $-0.09. This represents a -331.83% decrease compared to EVLV previous annual EPS of $0.04 (Sep 23).

Evolv Technologies Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
BAER	Bridger Aerospace Group	$2.32	$5.25	126.29%
ADT	ADT	$7.09	$9.10	28.35%	Hold
MG	Mistras Group	$9.08	$11.00	21.15%	Buy
EVLV	Evolv Technologies	$3.77	$2.75	-27.06%	Buy
CXW	CoreCivic	$21.39	$15.50	-27.54%	Buy
NL	NL Industries	$8.38	$6.00	-28.40%	Sell

EVLV Forecast FAQ

Is Evolv Technologies a good buy?

Yes, according to 2 Wall Street analysts, Evolv Technologies (EVLV) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 50.00% of EVLV's total ratings.

What is EVLV's price target?

Evolv Technologies (EVLV) average price target is $2.75 with a range of $2.75 to $2.75, implying a -27.44% from its last price of $3.79. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Evolv Technologies stock go up soon?

According to Wall Street analysts' prediction for EVLV stock, the company can go down by -27.44% (from the last price of $3.79 to the average price target of $2.75), down by -27.44% based on the highest stock price target, and down by -27.44% based on the lowest stock price target.

Can Evolv Technologies stock reach $6?

EVLV's average twelve months analyst stock price target of $2.75 does not support the claim that Evolv Technologies can reach $6 in the near future.

What are Evolv Technologies's analysts' financial forecasts?

Evolv Technologies's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $100.38M (high $100.38M, low $100.38M), average EBITDA is $-81.936M (high $-81.936M, low $-81.936M), average net income is $-55.044M (high $-55.044M, low $-55.044M), average SG&A $183.32M (high $183.32M, low $183.32M), and average EPS is $-0.321 (high $-0.321, low $-0.321). EVLV's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $128.67M (high $128.67M, low $128.67M), average EBITDA is $-105M (high $-105M, low $-105M), average net income is $-32.025M (high $-32.025M, low $-32.025M), average SG&A $234.98M (high $234.98M, low $234.98M), and average EPS is $-0.187 (high $-0.187, low $-0.187).

Did the EVLV's actual financial results beat the analysts' financial forecasts?

Based on Evolv Technologies's last annual report (Dec 2023), the company's revenue was $80.42M, beating the average analysts forecast of $67.85M by 18.53%. Apple's EBITDA was $-88.262M, beating the average prediction of $-55.38M by 59.37%. The company's net income was $-106M, beating the average estimation of $-78.491M by 35.37%. Apple's SG&A was $97.31M, missing the average forecast of $123.91M by -21.46%. Lastly, the company's EPS was $0, missing the average prediction of $-0.458 by -100.00%. In terms of the last quarterly report (Dec 2023), Evolv Technologies's revenue was $21.82M, beating the average analysts' forecast of $19.32M by 12.95%. The company's EBITDA was $-21.906M, beating the average prediction of $-15.77M by 38.91%. Evolv Technologies's net income was $-16.89M, beating the average estimation of $-15.87M by 6.43%. The company's SG&A was $25.9M, missing the average forecast of $35.28M by -26.58%. Lastly, the company's EPS was $-0.11, beating the average prediction of $-0.0925 by 18.92%