Wall Street Has a Mixed Opinion on Enovix Corporation (ENVX) Ahead of FQ3 2025 Results
Enovix Corporation (NASDAQ:ENVX) is one of the Best Small-cap EV Stocks to Buy According to Analysts. Enovix Corporation (NASDAQ:ENVX) is set to report its fiscal third-quarter results for 2025 on October 29. Wall Street has a mixed opinion on the stock ahead of the earnings release.
The company posted a revenue of $7.47 million, which grew 98.20% year-over-year, topping estimates by $1.13 million. The EPS of negative $0.22 also stayed in line with the expectations. Analysts have a mixed opinion on Enovix Corporation (NASDAQ:ENVX). For instance, earlier on August 1, Jeff Osborne from TD Cowen assigned a Hold rating to the stock with a $15 price target. However, later on August 28 and September 11, William Blair and Craig-Hallum reiterated a Buy rating on the stock without disclosing price targets, respectively.
More recently, on September 14, Bill Peterson from J.P. Morgan also reiterated a Hold rating on Enovix Corporation (NASDAQ:ENVX) with a $12 price target.
Enovix Corporation (NASDAQ:ENVX) manufactures advanced lithium-ion battery cells that provide higher energy density and storage capacity compared to conventional batteries.
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Disclosure: None. This article is originally published at Insider Monkey.
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