Envela price target raised to $14 from $11 at B. Riley

B. Riley raised the firm’s price target on Envela (ELA) to $14 from $11 and keeps a Buy rating on the shares. Envela reported Q3 results with sales and AEBITDA above expectations, while gross margins were mixed, the analyst tells investors in a research note. Operational efficiencies, expanding retail footprint, and ongoing commercial contract opportunities, along with potential M&A, position Envela for continued top- and bottom-line growth into FY26, B. Riley adds.