Evolv Technology (EVLV, Financial) has formed a collaboration with Cosm, an innovative company specializing in immersive entertainment experiences. This partnership will introduce Evolv's cutting-edge Express systems to Cosm's initial venues situated in the Los Angeles and Dallas metropolitan areas.
The integration of Evolv's Express systems is set to significantly improve the entry process at these locations. These systems are designed to ensure security while facilitating a swift and user-friendly screening experience for visitors. The implementation echoes the level of efficiency and security expected in large professional sports arenas.
This strategic partnership, which commenced in December 2024, marks a significant step for Evolv as it expands its reach within the entertainment and events sector. By aligning with Cosm, Evolv is poised to deliver enhanced security solutions to audiences eager for a seamless and secure event experience.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Evolv Technologies Holdings Inc (EVLV, Financial) is $5.17 with a high estimate of $6.75 and a low estimate of $2.75. The average target implies an upside of 52.41% from the current price of $3.39. More detailed estimate data can be found on the Evolv Technologies Holdings Inc (EVLV) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Evolv Technologies Holdings Inc's (EVLV, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Evolv Technologies Holdings Inc (EVLV, Financial) in one year is $9.61, suggesting a upside of 183.48% from the current price of $3.39. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Evolv Technologies Holdings Inc (EVLV) Summary page.
