Canoo Inc. (GOEV)
NASDAQ: GOEV · IEX Real-Time Price · USD
3.000
+0.140 (4.90%)
At close: Apr 18, 2024, 4:00 PM
3.021
+0.021 (0.70%)
After-hours: Apr 18, 2024, 7:58 PM EDT
Canoo Stock Forecast
GOEV's stock price has decreased by -81.84% 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 27.95, with a low estimate of 5.00 and a high estimate of 92. The average target predicts an increase of 831.67% from the current stock price of 3.00.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Canoo stock from 5 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 4 |
| Buy | 0 | 0 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 4 | 4 | 4 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Benchmark | Benchmark | Strong Buy Initiates $5 | Strong Buy | Initiates | $5 | +66.67% | Apr 17, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $3 → $7 | Strong Buy | Maintains | $3 → $7 | +133.33% | Apr 2, 2024 |
| Alliance Global Partners | Alliance Global Partners | Strong Buy Maintains $20 → $19 | Strong Buy | Maintains | $20 → $19 | +516.67% | Mar 15, 2024 |
| Stifel | Stifel | Strong Buy Maintains $35 → $17 | Strong Buy | Maintains | $35 → $17 | +475.00% | Jan 23, 2024 |
| Wedbush | Wedbush | Buy Initiates $92 | Buy | Initiates | $92 | +2,966.67% | Jan 5, 2024 |
Financial Forecast
Revenue This Year
125.07M
from 886.00K
Increased by 14,016.25%
Revenue Next Year
726.76M
from 125.07M
Increased by 481.08%
EPS This Year
-8.19
from -0.53
EPS Next Year
-2.72
from -8.19
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 262.5M | 1.3B | 1.5B | 2.5B | 4.1B |
| Avg | 125.1M | 726.8M | 1.1B | 2.5B | 3.9B |
| Low | 54.6M | 328.4M | 718.1M | 2.4B | 3.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 29,527.5% | 907.4% | 109.7% | 138.1% | 64.1% |
| Avg | 14,016.3% | 481.1% | 47.2% | 131.4% | 59.4% |
| Low | 6,063.0% | 162.6% | -1.2% | 122.3% | 53.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -3.98 | -0.15 | 0.06 |
| Avg | -8.19 | -2.72 | -1.42 |
| Low | -17.58 | -6.09 | -3.38 |
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.