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Evolv upgraded to Buy from Hold at Lake Street

Lake Street upgraded Evolv (EVLV) to Buy from Hold with a price target of $9, up from $5.50, after the company reported a beat on both revenue and AEBITDA for Q2. The firm, which raised its 2025 revenue and AEBITDA forecasts, feels “there is a strengthening of tailwinds on the business.”

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