Projected Target Price for DWAS Analyst: $106
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2025
0mins
Should l Buy EVLV?
Source: NASDAQ.COM
ETF Analysis: The Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) has an implied analyst target price of $106.09, indicating an 11.32% upside from its current trading price of $95.30.
Notable Holdings: Key underlying holdings with significant upside potential include Ondas Holdings Inc (26.16% upside), OneSpaWorld Holdings Ltd (19.61% upside), and Evolv Technologies Holdings Inc (17.72% upside) based on their respective analyst target prices.
Market Sentiment: The article raises questions about whether analysts' target prices are justified or overly optimistic, suggesting that high targets could lead to potential downgrades if they are based on outdated information.
Investor Research: It emphasizes the need for further investor research to assess the validity of analyst targets in light of recent company and industry developments.
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Analyst Views on EVLV
Wall Street analysts forecast EVLV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EVLV is 9.83 USD with a low forecast of 9.50 USD and a high forecast of 10.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 5.280
Low
9.50
Averages
9.83
High
10.00
Current: 5.280
Low
9.50
Averages
9.83
High
10.00
About EVLV
Evolv Technologies Holdings, Inc. is a security technology company. The Company is developing artificial intelligence (AI)-based weapons detection to create safer experiences for venues and companies as well as schools, hospitals, and public spaces. Its solutions combine proprietary software and hardware, delivered as a long-term Security-as-a-Service (SaaS) subscription model and are designed to enhance security and improve the visitor experience. The Company offers two core solutions: Evolv Express and Evolv eXpedite, designed to efficiently screen high volumes of people and bags for concealed threats. Its flagship product, Evolv Express, uses advanced sensors, AI-powered software, and cloud services to not only consistently detect firearms, improvised explosives, and certain types of knives and distinguish them from many harmless items, such as cell phones and keys. In addition to screening capabilities, its solution includes Evolv Insights, a software analytics dashboard.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Evolv Technologies CEO Sells 74,322 Shares for $522,483
- Insider Selling: Evolv Technologies CEO John Kedzierski sold 74,322 shares for approximately $522,483, reducing his direct holdings by 34.57%, indicating a focus on tax planning rather than a loss of confidence in the company.
- Option Exercise: The stock sale occurred immediately after the exercise of 207,000 options, demonstrating the executive's management of tax liabilities while retaining a significant direct stake of 140,678 shares, ensuring continued investment in the company.
- Financial Performance: Evolv Technologies reported a 57% year-over-year revenue increase to $42.9 million in Q3, with annual recurring revenue rising 25% to $117.2 million, highlighting strong growth potential in the high-demand security solutions market.
- Outlook Adjustment: Management raised full-year 2025 revenue guidance to $142 million to $145 million, implying a growth rate of up to 40%, further solidifying market confidence in Evolv Technologies' future prospects.
See More
Evolv Technologies CEO Sells 74,322 Shares for $522,483 Following Options Exercise
- Insider Sale: Evolv Technologies CEO John Kedzierski sold 74,322 shares in the open market for $522,483 after exercising 207,000 options, reducing his direct ownership by 34.57%, indicating a focus on tax planning rather than a lack of confidence.
- Ownership Structure Change: Following the transaction, Kedzierski's direct holdings decreased from 215,000 to 140,678 shares, yet he retains a significant stake, suggesting continued confidence in the company's future prospects.
- Market Performance: Shares were sold at $7.03 each, compared to a closing price of $7.31 on January 5, reflecting a remarkable 132.69% increase over the past year, highlighting the company's strong growth potential in the security technology sector.
- Financial Health: Evolv Technologies reported a 57% year-over-year revenue increase to $42.9 million in Q3, with management raising 2025 revenue guidance to $142 million to $145 million, showcasing the company's competitive edge in the rapidly growing security market.
See More
Evolv Technologies CEO Sells 74,322 Shares for $522,500
- Insider Selling: Evolv Technologies CEO John Kedzierski sold 74,322 shares on January 5, 2026, at a weighted average price of approximately $7.03 per share, totaling about $522,500, reducing his direct holdings by 34.57% to 140,678 shares.
- Market Performance: This sale occurred amid an 84.1% increase in Evolv's stock price over the past year, with the transaction price below the closing price of $7.31 on the same day, while the stock has more than doubled in value, gaining 101.7%, significantly outperforming the S&P 500's 18.6% and Nasdaq's 21.8% returns.
- Financial Overview: With a market capitalization of $1.2 billion and trailing twelve-month revenue of $136.5 million, Evolv reported a widening net loss of $59.7 million, yet its third-quarter revenue surged 57% year-over-year, indicating strong growth potential.
- Executive Incentives: Kedzierski received a grant of 207,000 restricted stock units, and the sale was primarily to cover withholding taxes, reflecting confidence in the company's future, with stock awards vesting annually over three years.
See More
Evolv Technologies CEO Sells 34.6% of Shares for Approximately $522,500
- Share Sale: Evolv Technologies CEO John Kedzierski sold 74,322 shares, representing 34.6% of his direct holdings, for a total transaction value of approximately $522,500, indicating executive concern for liquidity.
- Restricted Stock Unit Grant: In early January, Kedzierski received a grant of 207,000 restricted stock units, highlighting the company's commitment to long-term incentive mechanisms and reflecting executive confidence in the stock.
- Market Performance: As of January 7, Evolv Technologies' stock price has surged 101.7% over the past year, significantly outperforming the S&P 500's 18.6% and the Nasdaq Composite's 21.8%, demonstrating strong growth in the security screening solutions market.
- Financial Condition: Despite a 57% year-over-year revenue increase to $42.9 million in Q3, the company's GAAP loss widened to $44 million, indicating cost pressures accompanying rapid growth, necessitating attention to future profitability.
See More
Innodata Reports Record $62M Revenue, Forecasts 45% Growth for 2025
- Revenue Growth: Innodata achieved record revenue exceeding $62 million in Q3 2025, reflecting a 20% year-over-year increase from 2024, indicating strong performance and sustained market demand in the AI sector.
- Margin Improvement: The company's margins have grown to 26%, which will unlock greater potential for future EPS growth, further boosting investor confidence.
- Market Performance: Despite a more than 30% decline in stock price over the last three months, it retains over a 30% year-to-date gain, demonstrating market recognition of its long-term potential.
- Technical Indicator Improvement: The stock has found support near the 200-day simple moving average, with the MACD showing signs of turning bullish, suggesting a potentially better performance in 2026.
See More
Will Evolv Technologies (EVLV) Rise 45.94% to Meet Wall Street Analysts' Expectations?
Stock Performance and Analyst Predictions: Evolv Technologies Holdings, Inc. (EVLV) has seen a 0.7% increase in share price over the past month, with Wall Street analysts projecting a mean price target of $9.88, suggesting a potential upside of 45.9%.
Skepticism Towards Price Targets: While the consensus price target is a common metric for investors, relying solely on it can be misleading due to analysts' tendencies to set overly optimistic targets influenced by business relationships.
Earnings Estimate Revisions: Analysts are increasingly optimistic about EVLV's earnings, with a 15% increase in the Zacks Consensus Estimate over the past month, indicating a potential positive impact on stock price movements.
AI Investment Opportunities: The article highlights the upcoming "AI Boom 2.0," suggesting that early investors in emerging AI companies could see significant returns, contrasting with the leveling off of growth in established AI stocks.
See More
Evolv Technologies CEO Sells 74,322 Shares for $522,483
- Insider Selling: Evolv Technologies CEO John Kedzierski sold 74,322 shares for approximately $522,483, reducing his direct holdings by 34.57%, indicating a focus on tax planning rather than a loss of confidence in the company.
- Option Exercise: The stock sale occurred immediately after the exercise of 207,000 options, demonstrating the executive's management of tax liabilities while retaining a significant direct stake of 140,678 shares, ensuring continued investment in the company.
- Financial Performance: Evolv Technologies reported a 57% year-over-year revenue increase to $42.9 million in Q3, with annual recurring revenue rising 25% to $117.2 million, highlighting strong growth potential in the high-demand security solutions market.
- Outlook Adjustment: Management raised full-year 2025 revenue guidance to $142 million to $145 million, implying a growth rate of up to 40%, further solidifying market confidence in Evolv Technologies' future prospects.
See More
Evolv Technologies CEO Sells 74,322 Shares for $522,483 Following Options Exercise
- Insider Sale: Evolv Technologies CEO John Kedzierski sold 74,322 shares in the open market for $522,483 after exercising 207,000 options, reducing his direct ownership by 34.57%, indicating a focus on tax planning rather than a lack of confidence.
- Ownership Structure Change: Following the transaction, Kedzierski's direct holdings decreased from 215,000 to 140,678 shares, yet he retains a significant stake, suggesting continued confidence in the company's future prospects.
- Market Performance: Shares were sold at $7.03 each, compared to a closing price of $7.31 on January 5, reflecting a remarkable 132.69% increase over the past year, highlighting the company's strong growth potential in the security technology sector.
- Financial Health: Evolv Technologies reported a 57% year-over-year revenue increase to $42.9 million in Q3, with management raising 2025 revenue guidance to $142 million to $145 million, showcasing the company's competitive edge in the rapidly growing security market.
See More
Evolv Technologies CEO Sells 74,322 Shares for $522,500
- Insider Selling: Evolv Technologies CEO John Kedzierski sold 74,322 shares on January 5, 2026, at a weighted average price of approximately $7.03 per share, totaling about $522,500, reducing his direct holdings by 34.57% to 140,678 shares.
- Market Performance: This sale occurred amid an 84.1% increase in Evolv's stock price over the past year, with the transaction price below the closing price of $7.31 on the same day, while the stock has more than doubled in value, gaining 101.7%, significantly outperforming the S&P 500's 18.6% and Nasdaq's 21.8% returns.
- Financial Overview: With a market capitalization of $1.2 billion and trailing twelve-month revenue of $136.5 million, Evolv reported a widening net loss of $59.7 million, yet its third-quarter revenue surged 57% year-over-year, indicating strong growth potential.
- Executive Incentives: Kedzierski received a grant of 207,000 restricted stock units, and the sale was primarily to cover withholding taxes, reflecting confidence in the company's future, with stock awards vesting annually over three years.
See More
Evolv Technologies CEO Sells 34.6% of Shares for Approximately $522,500
- Share Sale: Evolv Technologies CEO John Kedzierski sold 74,322 shares, representing 34.6% of his direct holdings, for a total transaction value of approximately $522,500, indicating executive concern for liquidity.
- Restricted Stock Unit Grant: In early January, Kedzierski received a grant of 207,000 restricted stock units, highlighting the company's commitment to long-term incentive mechanisms and reflecting executive confidence in the stock.
- Market Performance: As of January 7, Evolv Technologies' stock price has surged 101.7% over the past year, significantly outperforming the S&P 500's 18.6% and the Nasdaq Composite's 21.8%, demonstrating strong growth in the security screening solutions market.
- Financial Condition: Despite a 57% year-over-year revenue increase to $42.9 million in Q3, the company's GAAP loss widened to $44 million, indicating cost pressures accompanying rapid growth, necessitating attention to future profitability.
See More
Innodata Reports Record $62M Revenue, Forecasts 45% Growth for 2025
- Revenue Growth: Innodata achieved record revenue exceeding $62 million in Q3 2025, reflecting a 20% year-over-year increase from 2024, indicating strong performance and sustained market demand in the AI sector.
- Margin Improvement: The company's margins have grown to 26%, which will unlock greater potential for future EPS growth, further boosting investor confidence.
- Market Performance: Despite a more than 30% decline in stock price over the last three months, it retains over a 30% year-to-date gain, demonstrating market recognition of its long-term potential.
- Technical Indicator Improvement: The stock has found support near the 200-day simple moving average, with the MACD showing signs of turning bullish, suggesting a potentially better performance in 2026.
See More
Will Evolv Technologies (EVLV) Rise 45.94% to Meet Wall Street Analysts' Expectations?
Stock Performance and Analyst Predictions: Evolv Technologies Holdings, Inc. (EVLV) has seen a 0.7% increase in share price over the past month, with Wall Street analysts projecting a mean price target of $9.88, suggesting a potential upside of 45.9%.
Skepticism Towards Price Targets: While the consensus price target is a common metric for investors, relying solely on it can be misleading due to analysts' tendencies to set overly optimistic targets influenced by business relationships.
Earnings Estimate Revisions: Analysts are increasingly optimistic about EVLV's earnings, with a 15% increase in the Zacks Consensus Estimate over the past month, indicating a potential positive impact on stock price movements.
AI Investment Opportunities: The article highlights the upcoming "AI Boom 2.0," suggesting that early investors in emerging AI companies could see significant returns, contrasting with the leveling off of growth in established AI stocks.
See More
