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

Enovix Corporation (NASDAQ:ENVX) is one of the Best Small-cap EV Stocks to Buy According to Analysts. Enovix Corporation (NASDAQ:ENVX) is set to report its fiscal third-quarter results for 2025 on October 29. Wall Street has a mixed opinion on the stock ahead of the earnings release.

The company posted a revenue of $7.47 million, which grew 98.20% year-over-year, topping estimates by $1.13 million. The EPS of negative $0.22 also stayed in line with the expectations. Analysts have a mixed opinion on Enovix Corporation (NASDAQ:ENVX). For instance, earlier on August 1, Jeff Osborne from TD Cowen assigned a Hold rating to the stock with a $15 price target. However, later on August 28 and September 11, William Blair and Craig-Hallum reiterated a Buy rating on the stock without disclosing price targets, respectively.

More recently, on September 14, Bill Peterson from J.P. Morgan also reiterated a Hold rating on Enovix Corporation (NASDAQ:ENVX) with a $12 price target.

Enovix Corporation (NASDAQ:ENVX) manufactures advanced lithium-ion battery cells that provide higher energy density and storage capacity compared to conventional batteries.

While we acknowledge the potential of ENVX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ENVX and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.