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Stock impact report

Enovix (ENVX) Offering Huge Upside Amid Potential Across Smartphone Battery Market [Yahoo! Finance]

Enovix Corporation (ENVX) 
Company Research Source: Yahoo! Finance
On December 11, George Gianarikas of Canaccord Genuity reiterated his bullish stance on Enovix Corp. (NASDAQ:ENVX). The analyst rated the stock as Buy with a target price of $21. In line with Gianarikas's estimates, the stock has an astounding upside potential of 152%, after declining 24% during 2025. science photo/Shutterstock.com Gianarikas has based his view on the management's strategic identification of the smartphone battery market as the largest addressable market for the business. Not only does it offer high volumes, but it also eases the company's access into new segments such as AR/VR headsets and audio devices. On that front, the analyst also mentioned the company's ongoing partnership with smartphone manufacturer Honor, which is based on Enovix's high-energy-density silicon-anode AI-1 battery. According to Gianarikas, upside potential for the stock stems from various other factors, such as their inorganic growth strategy, diversification of revenue mix, and their pl Show less Read more
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