Enovix Q2 Earnings: Recent Dip Is An Opportunity In Disguise

z1b Last May, I initiated my coverage on Enovix Corporation (NASDAQ:ENVX), rating it as a buy with a price target between $31.9 and$52.9 by 2027, per my scenario analysis. Since then, the stock has climbed by as much as 91%, before recently plunging more than 19% on Enovix's Q2 earnings report. In my opinion, this drop was triggered by an overreaction to the Agility line's yields, exacerbated by a broader tech selloff over fears of a recession. That said, the company shared several promising updates during ...