Craig-Hallum Keeps Their Buy Rating on Enovix (ENVX)

In a report released today, Anthony Stoss from Craig-Hallum reiterated a Buy rating on Enovix, with a price target of $16.00.

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Stoss covers the Technology sector, focusing on stocks such as Digital Turbine, indie Semiconductor, and Turtle Beach. According to TipRanks, Stoss has an average return of 9.7% and a 53.23% success rate on recommended stocks.

In addition to Craig-Hallum, Enovix also received a Buy from Canaccord Genuity’s George Gianarikas in a report issued today. However, on the same day, TD Cowen maintained a Hold rating on Enovix (NASDAQ: ENVX).

Based on Enovix’s latest earnings release for the quarter ending June 29, the company reported a quarterly revenue of $7.47 million and a GAAP net loss of $44.53 million. In comparison, last year the company earned a revenue of $3.77 million and had a GAAP net loss of $115.87 million

Based on the recent corporate insider activity of 175 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ENVX in relation to earlier this year. Most recently, in September 2025, Arthi Chakravarthy, the CLO of ENVX bought 9,513.00 shares for a total of $83,238.75.