Enovix's Battery Technology Shows Massive Upside, Analyst Maintains Buy Rating

WallStreetZen05-04

Craig-Hallum's Anthony Stoss lowered their price target on Enovix (NASDAQ: ENVX) by 25% from $20 to $15 on May 2, 2024. The analyst maintained their Buy rating on the stock.Stoss told investors that ...

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The analyst maintained their Buy rating on the stock.Stoss told investors that ...</p>\n\n<a href=\"https://www.wallstreetzen.com/news/enovix-s-battery-technology-shows-massive-upside-analyst-maintains-buy-rating\">Source Link</a>\n\n</div>\n","source":"wallstreetzen_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Enovix's Battery Technology Shows Massive Upside, Analyst Maintains Buy Rating</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEnovix's Battery Technology Shows Massive Upside, Analyst Maintains Buy Rating\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-04 19:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wallstreetzen.com/news/enovix-s-battery-technology-shows-massive-upside-analyst-maintains-buy-rating><strong>WallStreetZen</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Craig-Hallum's Anthony Stoss lowered their price target on Enovix (NASDAQ: ENVX) by 25% from $20 to $15 on May 2, 2024. The analyst maintained their Buy rating on the stock.Stoss told investors that ...</p>\n\n<a href=\"https://www.wallstreetzen.com/news/enovix-s-battery-technology-shows-massive-upside-analyst-maintains-buy-rating\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4096","symbol_name":"电气部件与设备","start_time":0,"source_url":"https://www.wallstreetzen.com/news/enovix-s-battery-technology-shows-massive-upside-analyst-maintains-buy-rating","article_id":"2432117176","we_media_id":null,"thumbnails":["https://images.unsplash.com/photo-1581594725728-880522845479?crop=entropy&cs=tinysrgb&fit=crop&fm=jpg&ixid=M3w0NDY2OTN8MHwxfHNlYXJjaHwxMHx8RWxlY3RyaWNhbCUyMEVxdWlwbWVudCUyMCUyNiUyMFBhcnR8ZW58MHwwfHx8MTcxNDgxNzU1Mnww&ixlib=rb-4.0.3&q=80&w=260&utm_source=wallstreetzen&utm_medium=referral&utm_campaign=api-credit&h=180"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432117176","pubTimestamp":1714821000,"sourceInfo":{"source_id":"wallstreetzen_highlight","name":"WallStreetZen"},"weMediaInfo":null,"summary":"Craig-Hallum's Anthony Stoss lowered their price target on Enovix (NASDAQ: ENVX) by 25% from $20 to $15 on May 2, 2024. The analyst maintained their Buy rating on the stock.Stoss told investors that C","collect":0,"end_time":0,"defaultTopTitle":"wallstreetzen.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4096":"电气部件与设备","ENVX":"Enovix Corporation"},"translate_title":"Enovix的电池技术显示出巨大的上升空间，分析师维持买入评级","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ENVX":1},"content_text":"Craig-Hallum's Anthony Stoss lowered their price target on Enovix (NASDAQ: ENVX) by 25% from $20 to $15 on May 2, 2024. The analyst maintained their Buy rating on the stock.Stoss told investors that Craig-Hallum \"continues to believe Enovix's battery technology shows massive upside as it remains on track to begin sampling from their high-volume Fab-2 in Q2.\" This positive outlook reflects the analyst's confidence in Enovix's ability to deliver on its promises and capitalize on the growing demand for advanced battery technologies.In addition, Stoss highlighted that Enovix signed a development agreement with one of the top 5 smartphone OEMs by unit volume in the first quarter of 2024. This partnership further validates Enovix's position in the market and offers potential for future growth and collaboration.Enovix Corporation, founded in 2007 and headquartered in Fremont, CA, specializes in designing, developing, and manufacturing silicon-anode lithium-ion batteries. The company's product portfolio includes custom three-dimensional silicon lithium-ion batteries for wearable, mobile computing, and communication device applications.Despite the positive analyst rating and the company's technological advancements, Enovix's stock price has faced challenges in recent months. Since the last quarterly report on December 31, 2023, the stock price has decreased by 19.4%. The year-over-year performance is also down 12.4%. During the same period, Enovix lags behind the S&P 500, which experienced a decline of 25.4%.Anthony Stoss, the analyst behind the rating, is ranked by WallStreetZen in the top 30% out of 4,573 Wall Street analysts. Stoss has an average return of 1.8% and a win rate of 47.4%. The analyst specializes in the Industrials and Basic Materials sectors, among others. 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