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Investing.com - Cantor Fitzgerald maintained its Overweight rating on Microvast (NASDAQ:MVST) while raising its price target to $7.00 from $5.00, representing significant upside potential for the battery technology company. Currently trading at $4.98, MVST shows a remarkable 2,455% return over the past year. According to InvestingPro data, analysts maintain a Strong Buy consensus with price targets ranging from $5 to $6.
The firm’s updated valuation is based on a 3.8x EV/revenue multiple applied to its 2026 revenue estimate of $525 million, shifting from its previous focus on 2025 projections. This multiple represents approximately a 2% premium compared to Cantor Fitzgerald’s battery peer group. Microvast, with a market capitalization of $1.62 billion, has demonstrated strong revenue growth of 19.82% over the last twelve months.
Cantor Fitzgerald noted that larger battery competitors, including Contemporary Amperex Technology, LG Energy Solution, BYD Company, and Samsung SDI, currently trade at a median 2.8x EV/2026E revenue multiple.
The research firm justified the premium valuation for Microvast based on three key factors: the company’s "enviable full-stack technology portfolio," above-peer gross margin performance, and higher growth expectations over the next three years compared to industry peers. InvestingPro data confirms Microvast’s impressive 36.6% gross profit margin and five-year revenue CAGR of 38%, supporting the premium valuation thesis despite currently trading slightly above its Fair Value.
The price target adjustment reflects Cantor Fitzgerald’s continued confidence in Microvast’s competitive positioning within the battery technology sector, particularly in markets requiring advanced energy storage solutions. InvestingPro has identified several additional insights on Microvast, including expectations for profitability this year after previous losses. Discover comprehensive analysis in the Pro Research Report, available for MVST and 1,400+ other US equities.
In other recent news, Microvast Holdings Inc. reported its third-quarter 2025 financial results, revealing a significant 21.6% increase in revenue compared to the same period last year. The company achieved a record quarterly revenue of $123.3 million. Alongside the revenue growth, Microvast’s gross profit margin improved by 4.4 percentage points, reaching 37.6%. These developments indicate a strong financial performance for the quarter. Additionally, analysts have taken note of these results, although specific upgrades or downgrades were not mentioned in the recent reports. Investors may find these financial metrics noteworthy as they reflect the company’s current business trajectory. The company’s recent earnings announcement has garnered attention due to its substantial revenue growth and improved profit margins.
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