Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) is among the best US stocks under $10 to invest in. Cantor Fitzgerald analysts have increased the price target on Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) to $9, up from $7, with an unchanged Overweight rating. This move follows the company’s strong quarterly performance, delivering a 29% year-over-year revenue growth.
Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) appears to be in a strong position under new management, outperforming its competitors and transitioning smoothly to a small-cap company with an equally promising future. Having said that, the stock has posted a return of 115% compared to the 16.35% one-year return of the S&P 500 (^GSPC).
A security team patrolling a public building with their advanced Evolv systems.
The company’s commitment to building a durable and high-growth business with predictable results is what sets it apart from the others. Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) also announced upward guidance during its latest earnings call. With such optimism surrounding the company, there’s no doubt that the investors are gravitating towards the stock.
Evolv Technologies Holdings, Inc. (NASDAQ:EVLV), founded in 2013, is a Massachusetts-based provider of AI weapons detection that aids in artificial intelligence (AI)-based weapons detection. The core offerings of the company include Evolv Express, Evolv Insights Analytics Application, and Evolv eXpedite.
While we acknowledge the potential of EVLV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.
