Evolv Technologies (EVLV) Stock Forecast, Price Target & Predictions
EVLV Stock Forecast
Evolv Technologies stock forecast is as follows: an average price target of $6.70 (represents a 61.84% upside from EVLV’s last price of $4.14) 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 $6.70 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $8.00 to $5.40. This represents a potential 61.84% upside from EVLV's last price of $4.14.
EVLV Analyst Ratings
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%), 2 'Buy' (100.00%), 0 'Hold' (0.00%), 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 |
|---|---|---|---|---|---|---|
| Mar 28, 2024 | Brett Knoblauch | New Street | $8.00 | $4.51 | 77.38% | 93.24% |
| Feb 08, 2023 | - | Cantor Fitzgerald | $5.40 | $3.18 | 69.81% | 30.43% |
The latest Evolv Technologies stock forecast, released on Mar 28, 2024 by Brett Knoblauch from New Street, set a price target of $8.00, which represents a 77.38% increase from the stock price at the time of the forecast ($4.51), and a 93.24% increase from EVLV last price ($4.14).
Evolv Technologies Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $8.00 |
| Last Closing Price | $4.14 | $4.14 | $4.14 |
| Upside/Downside | -100.00% | -100.00% | 93.24% |
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 $4.14. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 May 20, 2024. The company gave EVLV a "Buy" 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $21.82M | $20.19M | $19.82M | $18.58M | $20.89M | $16.53M | - | $8.71M | $6.85M | $8.37M | - |
| Avg Forecast | $36.01M | $34.22M | $32.25M | $29.79M | $28.05M | $26.33M | $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 | $37.05M | $35.20M | $33.18M | $30.64M | $28.86M | $26.52M | $24.53M | $23.47M | $20.54M | $19.45M | $14.69M | $15.79M | $13.29M | $7.50M | $6.53M | $5.44M | $5.25M | $5.55M | $3.29M |
| Low Forecast | $35.04M | $33.29M | $31.38M | $28.98M | $27.29M | $26.14M | $23.20M | $22.19M | $18.10M | $18.39M | $13.89M | $14.94M | $12.57M | $7.09M | $6.53M | $5.11M | $4.92M | $5.20M | $3.08M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 1 | - | 1 | - | - | - | - | 2 | 2 | 2 |
| Surprise % | - | - | - | - | - | - | - | - | 1.13% | 1.07% | 1.39% | 1.21% | 1.62% | 2.27% | - | 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 $22.19M, and a high forecast of $23.47M. 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 1 | - | 1 | - | - | - | - | 2 | 2 | 2 |
| EBITDA | - | - | - | - | - | - | - | - | $-21.91M | $-20.24M | $-23.63M | $-20.31M | $-25.57M | $-22.47M | - | $-23.18M | $1.58M | $23.04M | $-7.63M |
| Avg Forecast | $-35.80M | $-34.01M | $-32.06M | $-29.61M | $-27.88M | $-26.18M | $-23.70M | $-22.67M | $-19.20M | $-18.79M | $-14.19M | $-15.26M | $-12.84M | $-7.24M | $-6.49M | $-22.87M | $-5.04M | $-5.33M | $-15.44M |
| High Forecast | $-34.83M | $-33.09M | $-31.19M | $-28.81M | $-27.13M | $-25.98M | $-23.06M | $-22.06M | $-17.99M | $-18.28M | $-13.81M | $-14.85M | $-12.49M | $-7.05M | $-6.49M | $-18.30M | $-4.89M | $-5.17M | $-12.35M |
| Low Forecast | $-36.83M | $-34.99M | $-32.98M | $-30.46M | $-28.69M | $-26.36M | $-24.38M | $-23.33M | $-20.42M | $-19.33M | $-14.60M | $-15.70M | $-13.21M | $-7.45M | $-6.49M | $-27.45M | $-5.22M | $-5.51M | $-18.53M |
| Surprise % | - | - | - | - | - | - | - | - | 1.14% | 1.08% | 1.66% | 1.33% | 1.99% | 3.10% | - | 1.01% | -0.31% | -4.32% | 0.49% |
0 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 1 | - | 1 | - | - | - | - | 2 | 2 | 2 |
| Net Income | - | - | - | - | - | - | - | - | $-16.89M | $6.00M | $-66.75M | $-34.44M | $7.14M | $-10.63M | - | $-3.06M | $2.57M | $22.75M | $-7.63M |
| Avg Forecast | $-5.15M | $-6.00M | $-7.72M | $-9.44M | $-10.72M | $-12.44M | $-15.01M | $-14.87M | $-15.87M | $-18.87M | $-20.16M | $-23.59M | $-21.87M | $26.18M | $-19.90M | $-17.75M | $-15.61M | $28.00M | $-20.59M |
| High Forecast | $-4.97M | $-5.79M | $-7.45M | $-9.11M | $-10.35M | $-12.00M | $-14.49M | $-14.35M | $-15.31M | $-18.21M | $-19.45M | $-22.76M | $-21.11M | $31.42M | $-19.90M | $-17.07M | $-15.01M | $33.60M | $-16.47M |
| Low Forecast | $-5.34M | $-6.23M | $-8.01M | $-9.79M | $-11.12M | $-12.90M | $-15.57M | $-15.43M | $-16.46M | $-19.58M | $-20.92M | $-24.48M | $-22.69M | $20.94M | $-19.90M | $-18.55M | $-16.31M | $22.40M | $-24.71M |
| Surprise % | - | - | - | - | - | - | - | - | 1.06% | -0.32% | 3.31% | 1.46% | -0.33% | -0.41% | - | 0.17% | -0.16% | 0.81% | 0.37% |
Evolv Technologies's average Quarter net income forecast for Dec 23 is $-15.87M, with a range of $-16.46M to $-15.31M. 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 1 | - | 1 | - | - | - | - | 2 | 2 | 2 |
| SG&A | - | - | - | - | - | - | - | - | $25.91M | $25.19M | $24.49M | $21.73M | $21.69M | $20.37M | - | $23.15M | $18.97M | $15.49M | $6.68M |
| Avg Forecast | $65.77M | $62.49M | $58.90M | $54.40M | $51.23M | $48.09M | $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 | $67.67M | $64.29M | $60.60M | $55.96M | $52.70M | $48.43M | $44.79M | $42.85M | $37.52M | $35.51M | $26.82M | $28.84M | $24.27M | $13.69M | $11.93M | $9.94M | $9.58M | $10.13M | $6.00M |
| Low Forecast | $64.00M | $60.80M | $57.31M | $52.93M | $49.84M | $47.74M | $42.36M | $40.53M | $33.05M | $33.59M | $25.37M | $27.28M | $22.95M | $12.95M | $11.93M | $9.33M | $8.99M | $9.50M | $5.63M |
| Surprise % | - | - | - | - | - | - | - | - | 0.73% | 0.73% | 0.94% | 0.78% | 0.92% | 1.53% | - | 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 $40.53M to $42.85M. 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 1 | - | 1 | - | - | - | - | 2 | 2 | 2 |
| EPS | - | - | - | - | - | - | - | - | $-0.11 | $0.04 | $-0.45 | $-0.24 | $0.05 | $-0.07 | - | $-0.02 | $0.02 | $0.19 | $-0.05 |
| Avg Forecast | $-0.03 | $-0.04 | $-0.04 | $-0.06 | $-0.06 | $-0.07 | $-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 | $-0.03 | $-0.03 | $-0.04 | $-0.05 | $-0.06 | $-0.07 | $-0.08 | $-0.08 | $-0.09 | $-0.11 | $-0.11 | $-0.13 | $-0.12 | $-0.14 | $-0.13 | $-0.11 | $-0.10 | $-0.11 | $-0.16 |
| Low Forecast | $-0.03 | $-0.04 | $-0.05 | $-0.06 | $-0.06 | $-0.08 | $-0.09 | $-0.09 | $-0.10 | $-0.11 | $-0.12 | $-0.14 | $-0.13 | $-0.15 | $-0.13 | $-0.12 | $-0.11 | $-0.12 | $-0.18 |
| Surprise % | - | - | - | - | - | - | - | - | 1.19% | -0.36% | 3.83% | 1.75% | -0.39% | 0.53% | - | 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 $-0.10 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
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 2 'Buy' recommendations, accounting for 100.00% of EVLV's total ratings.
What is EVLV's price target?
Evolv Technologies (EVLV) average price target is $6.7 with a range of $5.4 to $8, implying a 61.84% from its last price of $4.14. 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 up by 61.84% (from the last price of $4.14 to the average price target of $6.7), up by 93.24% based on the highest stock price target, and up by 30.43% based on the lowest stock price target.
Can Evolv Technologies stock reach $6?
EVLV's average twelve months analyst stock price target of $6.7 supports 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 $101.03M (high $103.37M, low $98.82M), average EBITDA is $-100M (high $-98.232M, low $-103M), average net income is $-53.042M (high $-51.183M, low $-55.031M), average SG&A $184.51M (high $188.78M, low $180.48M), and average EPS is $-0.309 (high $-0.298, low $-0.321). EVLV's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $132.27M (high $136.08M, low $128.7M), average EBITDA is $-131M (high $-128M, low $-135M), average net income is $-28.308M (high $-27.316M, low $-29.37M), average SG&A $241.55M (high $248.52M, low $235.04M), and average EPS is $-0.165 (high $-0.159, low $-0.171).
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 $-67.44M by 30.87%. 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 $-19.204M by 14.07%. 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%