The envx stock forecast remains positive as analysts anticipate stronger margins in Q3 driven by supply chain efficiencies. Technical charts reveal a forming ascending triangle, often seen as a bullish continuation pattern in the market. Enovix Corporation (NASDAQ:ENVX) is one of the best meme stocks . On August 4, Canaccord Genuity assigned a Buy rating to ENVX and lifted the price target from $20 to $22. , and the price target is $15, $2 shy of the consensus. However, both are moving in a bullish direction, and consensus forecasts a 25% upside. The envx stock forecast also benefits from recent joint venture news, potentially expanding market penetration beyond the U.S. into high-growth Asian markets.
