Evolv Technologies Holdings, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Shaul Eyal from TD Cowen reiterated a Buy rating on the stock and has a $10.00 price target.
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Shaul Eyal has given his Buy rating due to a combination of factors tied to Evolv’s strong growth profile and execution. He expects first-quarter 2026 results to show revenue expansion in the high‑30% range, supported by a record backlog, solid deployments, and an increasing share of direct purchase deals that enhance visibility and quality of revenue.
He also highlights that a manufacturing ramp with Plexus in the second half of 2026 should bolster value creation and recurring metrics such as ARR and remaining performance obligations. In addition, Eyal points to durable demand for Evolv’s security solutions across education, healthcare, sports and live entertainment, and workplace markets, alongside management’s indication that long‑term profitability targets are likely to move higher, all of which underpin his $10 price target and Buy stance.