Wall Street Has a Mixed Opinion on Enovix Corporation (ENVX) Ahead of FQ3 2025 Results

Core Viewpoint - Enovix Corporation (NASDAQ:ENVX) is recognized as one of the best small-cap EV stocks to buy, with mixed opinions from analysts ahead of its fiscal third-quarter results for 2025, scheduled for October 29 [1]. Financial Performance - The company reported a revenue of $7.47 million, reflecting a year-over-year growth of 98.20%, exceeding estimates by $1.13 million [2]. - The earnings per share (EPS) was negative $0.22, which aligned with expectations [2]. Analyst Ratings - Jeff Osborne from TD Cowen assigned a Hold rating with a price target of $15 on August 1 [2]. - William Blair and Craig-Hallum reiterated a Buy rating on August 28 and September 11, respectively, without disclosing price targets [2]. - Bill Peterson from J.P. Morgan reiterated a Hold rating with a price target of $12 on September 14 [3]. Product Offering - Enovix Corporation specializes in manufacturing advanced lithium-ion battery cells that offer higher energy density and storage capacity compared to conventional batteries [3].