Enovix price target raised to $22 from $20 at Canaccord

Canaccord raised the firm’s price target on Enovix (ENVX) to $22 from $20 and keeps a Buy rating on the shares. The firm said its target raise is based on an improved ASP outlook and other adjustments to our model following its capital raise plan through a “warrant dividend” and a positive pre-announcement and after Enovix had their official 2Q25 earnings call.