Invest in Evolv Technologies, a penny stock with strong growth potential in the AI market.

From Nasdaq: 2024-09-05 21:32:09

Tech giants like Microsoft, Meta, and Alphabet dominate the AI race with large language models. Smaller players can still benefit from the growing AI market.
Consider investing in Evolv Technologies, a penny stock trading at $3.86. The company offers AI-based touchless security screening systems and aims for rapid growth.
Evolv Technologies reported $25.5 million in sales for Q2 2024, up 29% year over year. The company added 84 new customers and saw a 64% increase in annual recurring revenue.
Analysts predict a 43% upside potential for EVLV stock, with an average target price of $5.35. Competition and pricing power are key factors to watch.



Read more at Nasdaq: 1 ‘Strong Buy’ AI Penny Stock With Breakout Potential