Enovix (US:ENVX) Yahoo Finance·2025-12-25 12:33Core Viewpoint - Enovix Corp (NASDAQ:ENVX) is identified as a promising small-cap industrial stock with significant upside potential, particularly in the smartphone battery market, which is seen as the largest addressable market for the company [1][2]. Group 1: Analyst Ratings and Price Targets - George Gianarikas of Canaccord Genuity maintains a Buy rating on Enovix Corp with a target price of $21, indicating a potential upside of 152% after a 24% decline in 2025 [1]. - As of December 22, the stock has coverage from 9 analysts, with 7 giving a Buy rating and 2 a Hold rating. The median 1-year price target is $19, suggesting an upside of approximately 128% from the current market price [4]. Group 2: Market Opportunities and Strategic Initiatives - The management's focus on the smartphone battery market is expected to facilitate entry into new segments such as AR/VR headsets and audio devices, supported by a partnership with smartphone manufacturer Honor [2]. - Enovix Corp's growth strategy includes inorganic growth, diversification of revenue streams, and plans to establish a manufacturing hub in South Korea [3]. Group 3: Product Overview - Enovix Corp designs and manufactures lithium-ion battery cells applicable in various sectors, including mobile devices, IoT, electric vehicles, and computing. These batteries are noted for their high efficiency, superior thermal performance, and architecture that allows for 100% active silicon anode, resulting in high energy density [5].