Evolv Technologies Holdings Inc (EVLV) Stock AnalysisEVLVEvolv Technologies Holdings Inc

Evolv Technologies Holdings, Inc. is a security technology company. The Company is an artificial intelligence (AI)-powered screening solution designed to help create safer environments while maintaining visitor flow and a visitor experience. Its solutions are delivered through a Security-as-a-Service model that integrates its proprietary sensor platform and AI-powered software, cloud connectivity, and ongoing services. It delivers solutions through two sales models: a pure subscription model and a purchase subscription mode. Its products, Evolv Express and Evolv eXpedite, operate with proprietary software and cloud services. Evolv Express is designed to quickly detect firearms, improvised explosive devices, and large tactical knives in unstructured people flows. Evolv eXpedite, an autonomous AI-based weapons detection system for bags being brought to venues by visitors in cluttered environments. It serves customers across education, healthcare, sports, live entertainment, and others. It operates in the Technology sector (COMPUTER PERIPHERAL EQUIPMENT, NEC industry).

Evolv Technologies Holdings Inc is currently priced at $4.53, which is significantly below the analyst price targets of $8 and $10.50, indicating potential upside. However, the stock has a low RSI of 34.03, suggesting it is oversold, but the recent negative performance trends (down 32.39% year-to-date) and ongoing losses (net income of -9.3 million in Q2 2026) present risks. The main concern is the declining gross margin, which fell to 50.4% in Q2 2026, impacting profitability.

4 analysts cover EVLV: 4 rate it Buy, 0 Hold and 0 Sell. The average price target is 9.83.