Canoo Inc. (GOEV)
NASDAQ: GOEV · Real-Time Price · USD
1.350
-0.160 (-10.60%)
Jan 17, 2025, 4:00 PM EST - Market closed
Canoo Stock Forecast
GOEV's stock price has decreased by -98.41% in the past year and price targets may not have had time to catch up.
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Canoo stock have an average target of 103.1, with a low estimate of 0.50 and a high estimate of 345. The average target predicts an increase of 7,537.04% from the current stock price of 1.35.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Canoo stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 4 | 3 |
| Buy | 1 | 1 | 1 | 1 | 1 | 0 |
| Hold | 1 | 1 | 1 | 1 | 2 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 7 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Alliance Global Partners | Alliance Global Partners | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Jan 6, 2025 |
| Stifel | Stifel | Strong Buy → Hold Downgrades $4.5 → $0.5 | Strong Buy → Hold | Downgrades | $4.5 → $0.5 | -62.96% | Dec 31, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $80 → $40 | Strong Buy | Maintains | $80 → $40 | +2,862.96% | Nov 15, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $140 → $80 | Strong Buy | Maintains | $140 → $80 | +5,825.93% | Aug 16, 2024 |
| Roth MKM | Roth MKM | Hold Maintains $60 → $30 | Hold | Maintains | $60 → $30 | +2,122.22% | Aug 15, 2024 |
Financial Forecast
Revenue This Year
26.83M
from 886.00K
Increased by 2,927.65%
Revenue Next Year
274.33M
from 26.83M
Increased by 922.67%
EPS This Year
-2.27
from -243.80
EPS Next Year
-1.54
from -2.27
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 74.4M | 486.1M | 1.2B | |||
| Avg | 26.8M | 274.3M | 991.6M | |||
| Low | 2.9M | 73.5M | 831.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 8,302.4% | 1,711.9% | 319.6% | |||
| Avg | 2,927.7% | 922.7% | 261.5% | |||
| Low | 231.4% | 174.0% | 203.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -1.87 | -0.85 | - |
| Avg | -2.27 | -1.54 | -0.64 |
| Low | -2.61 | -2.06 | -1.23 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.