Evolv price target raised to $5.50 from $4 at Lake Street

Lake Street raised the firm’s price target on Evolv (EVLV) to $5.50 from $4 and keeps a Hold rating on the shares. After the company reported Q1 results, the firm raised its 2025 revenue forecast and feels there is “a lessening of headwinds on the business.” The firm is “pleased” to see the company back in compliance with its SEC filing and Nasdaq listing requirements, the analyst added.