Northland named Evolv as a top pick for 2024, calling it “the leading weapons detection company” in a market under 2% penetrated. The company should hit scale in FY24, exceeding $100M in revenue, while getting EBITDA break-even “in their sights,” says the analyst, who keeps an Outperform rating and $8.50 price target on Evolv shares.
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Read More on EVLV:
- Evolv management to meet virtually with Northland
- Evolv management to meet virtually with Cantor Fitzgerald
- Evolv appoints Courtney Cunnane as chief marketing officer
- Evolv initiated with a Buy at Lake Street
- Evolv surpasses 4,000 active, long-term subscriptions of Evolv Express
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