Enovix Corporation (ENVX) PT Raised to $20 at Canaccord Genuity

Canaccord Genuity analyst George Gianarikas raised the price target on Enovix Corporation (NASDAQ: ENVX) to $20.00 (from $17.00) while maintaining a Buy rating.

The analyst commented: "We are raising our price target to $20 from $17 based on adjustments to our estimates and our DCF variables. The company continues to make positive strides on its journey to scale, with 2H24 fab production on the docket. Enovix is an architecture-first, materials-agnostic company currently leveraging the advantages of 100% silicon anodes. The company is bringing innovative, industry-altering technology to the battery ecosystem; technology that could be made necessary thanks to the emergence of AI."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Critical One Energy closes second tranche of flow-through placement
• Freedom Broker Upgrades Serve Robotics (SERV) to Buy