EVLV Stock Forecast

Stock Price Forecast

The 5 analysts with 12-month price forecasts for EVLV stock have an average target of 5.60, with a low estimate of 2.75 and a high estimate of 8.00. The average target predicts an increase of 148.89% from the current stock price of 2.25.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$2.75	$5.60	$5.75	$8.00
Change	+22.22%	+148.89%	+155.56%	+255.56%

Analyst Ratings

The average analyst rating for EVLV stock from 5 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	May '24	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24
Strong Buy	2	2	2	2	2	2
Buy	2	2	2	2	2	2
Hold	2	2	2	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	6	6	6	5	5	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Eric Martinuzzi Lake Street	Lake Street	Hold Maintains $3.5 → $2.75	Hold	Maintains	$3.5 → $2.75	+22.22%	Oct 28, 2024
Michael Latimore Northland Capital Markets	Northland Capital Markets	Buy Maintains $6.5 → $5.5	Buy	Maintains	$6.5 → $5.5	+144.44%	Aug 12, 2024
Chad Bennett Craig-Hallum	Craig-Hallum	Strong Buy Initiates $8.5 → $5.75	Strong Buy	Initiates	$8.5 → $5.75	+155.56%	May 20, 2024
Shaul Eyal TD Cowen	TD Cowen	Strong Buy Maintains $7 → $6	Strong Buy	Maintains	$7 → $6	+166.67%	May 10, 2024
Eric Martinuzzi Lake Street	Lake Street	Strong Buy → Hold Downgrades $6 → $3.5	Strong Buy → Hold	Downgrades	$6 → $3.5	+55.56%	May 10, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

103.44M

from 80.42M

28.63%

from 80.42M

Revenue Next Year

134.68M

from 103.44M

30.20%

from 103.44M

EPS This Year

-0.27

from -0.71

EPS Next Year

-0.15

from -0.27

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	5.85M	4.79M	23.39M	55.20M	80.42M	103.44M	134.68M	262.96M
Revenue Growth	-	-18.15%	388.88%	135.95%	45.70%	28.63%	30.20%	95.25%
EPS	-0.88	-3.07	-0.15	-0.60	-0.71	-0.27	-0.15	-
EPS Growth	-	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	7	7	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	108.1M	146.3M	270.7M
Avg	103.4M	134.7M	263.0M
Low	98.0M	122.6M	252.6M

Revenue Growth

Revenue Growth	2024	2025	2026
High	34.4%	41.4%	101.0%
Avg	28.6%	30.2%	95.2%
Low	21.9%	18.5%	87.6%

EPS Forecast

EPS	2024	2025
High	-0.26	-0.11
Avg	-0.27	-0.15
Low	-0.27	-0.21

EPS Growth

EPS Growth	2024	2025
High	-	-
Avg	-	-
Low	-	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.