Evolv upgraded to Outperform at Northland after first call with new CEO

As previously reported, Northland upgraded Evolv (EVLV) to Outperform from Market Perform with a $7.50 price target after Evolv held its first earnings call with its new CEO and CFO following the company’s restatements. Management says it has started to see improvements in sales cycles along with a positive shift to more full subscription sales and forecasts “healthy” 20%-25% yearly growth, says the analyst, who is increasing the firm’s estimates.