Canoo Inc. (GOEV)
NASDAQ: GOEV · IEX Real-Time Price · USD
2.300
-0.060 (-2.54%)
At close: Jul 19, 2024, 4:00 PM
2.310
+0.010 (0.43%)
Pre-market: Jul 22, 2024, 5:37 AM EDT
Canoo Stock Forecast
GOEV's stock price has decreased by -86.06% in the past year and price targets may not have had time to catch up.
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Canoo stock have an average target of 23.79, with a low estimate of 3.00 and a high estimate of 92. The average target predicts an increase of 934.35% from the current stock price of 2.30.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 22, 2024.
Analyst Ratings
The average analyst rating for Canoo stock from 6 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
---|---|---|---|---|---|---|
Strong Buy | 3 | 3 | 4 | 4 | 4 | 4 |
Buy | 1 | 1 | 1 | 1 | 1 | 1 |
Hold | 0 | 0 | 0 | 1 | 1 | 1 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 4 | 4 | 5 | 6 | 6 | 6 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Benchmark | Benchmark | Strong Buy Reiterates $5 | Strong Buy | Reiterates | $5 | +117.39% | May 22, 2024 |
HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $7 | Strong Buy | Reiterates | $7 | +204.35% | May 15, 2024 |
Benchmark | Benchmark | Strong Buy Reiterates $5 | Strong Buy | Reiterates | $5 | +117.39% | May 15, 2024 |
Roth MKM | Roth MKM | Hold Maintains $4 → $3 | Hold | Maintains | $4 → $3 | +30.43% | May 15, 2024 |
Benchmark | Benchmark | Strong Buy Initiates $5 | Strong Buy | Initiates | $5 | +117.39% | Apr 17, 2024 |
Financial Forecast
Revenue This Year
69.51M
from 886.00K
Increased by 7,745.49%
Revenue Next Year
604.66M
from 69.51M
Increased by 769.88%
EPS This Year
-4.08
from -0.53
EPS Next Year
-2.24
from -4.08
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 84.0M | 1.3B | 769.4M | 1.5B | 2.2B |
Avg | 69.5M | 604.7M | 700.1M | 1.4B | 2.1B |
Low | 54.0M | 254.8M | 627.2M | 1.3B | 1.9B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 9,380.8% | 1,712.7% | 27.2% | 109.1% | 59.0% |
Avg | 7,745.5% | 769.9% | 15.8% | 98.1% | 48.4% |
Low | 5,996.0% | 266.6% | 3.7% | 85.5% | 36.8% |
EPS Forecast
EPS | 2024 | 2025 | 2026 |
---|---|---|---|
High | -3.34 | -1.40 | -0.58 |
Avg | -4.08 | -2.24 | -0.81 |
Low | -4.73 | -3.82 | -1.01 |
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.