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Home โบ Stocks โบ Canoo Inc. (GOEV) Stock Forecast & Price Prediction United States | NASDAQ | Consumer Cyclical | Auto Manufacturers
$0.37
+0.00 (0.00%)Did GOEV Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if Canoo is one of their latest high-conviction picks.
Based on our analysis of 8 Wall Street analysts, GOEV has a bullish consensus with a median price target of $100.00 (ranging from $100.00 to $100.00). The overall analyst rating is Strong Buy (10.0/10). Currently trading at $0.37, the median forecast implies a 26,927.0% upside. This outlook is supported by 1 Buy, 0 Hold, and 0 Sell ratings.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for GOEV.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Jan 6, 2025 | Alliance Global Partners | Poe Fratt | Neutral | Downgrade | $N/A |
| Dec 31, 2024 | Stifel | Stephen Gengaro | Hold | Downgrade | $0.50 |
| Nov 15, 2024 | HC Wainwright & Co. | Amit Dayal | Buy | Maintains | $2.00 |
| Aug 16, 2024 | HC Wainwright & Co. | Amit Dayal | Buy | Maintains | $4.00 |
| Aug 15, 2024 | Roth MKM | Craig Irwin | Neutral | Maintains | $1.50 |
| May 22, 2024 | Benchmark | Michael Legg | Buy | Reiterates | $5.00 |
| May 15, 2024 | HC Wainwright & Co. | Amit Dayal | Buy | Reiterates | $7.00 |
| May 15, 2024 | Benchmark | Michael Legg | Buy | Reiterates | $5.00 |
| May 15, 2024 | Roth MKM | Craig Irwin | Neutral | Maintains | $3.00 |
| Apr 17, 2024 | Benchmark | Michael Legg | Buy | Initiates | $5.00 |
| Apr 2, 2024 | HC Wainwright & Co. | Amit Dayal | Buy | Maintains | $7.00 |
| Mar 15, 2024 | Alliance Global Partners | Poe Fratt | Buy | Maintains | $18.50 |
| Jan 23, 2024 | Stifel | J. Bruce Chan | Buy | Maintains | $0.75 |
| Jan 5, 2024 | Wedbush | Daniel Ives | Outperform | Initiates | $4.00 |
| Nov 15, 2023 | HC Wainwright & Co. | Amit Dayal | Buy | Maintains | $3.00 |
| Aug 24, 2023 | Alliance Global Partners | Poe Fratt | Buy | Initiates | $1.55 |
| Aug 15, 2023 | HC Wainwright & Co. | Buy | Reiterates | $N/A | |
| Jun 27, 2023 | Stifel | J. Bruce Chan | Buy | Maintains | $1.50 |
| May 16, 2023 | HC Wainwright & Co. | Amit Dayal | Buy | Reiterates | $10.00 |
| Sep 16, 2022 | Stifel | J. Bruce Chan | Buy | Initiates | $4.00 |
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Canoo Inc. has a market capitalization of $5.36M with a P/E ratio of 0.0x. The company generates $1.86M in trailing twelve-month revenue with a -167.9% profit margin.
Revenue growth is +71.7% quarter-over-quarter, while maintaining an operating margin of -4,841.4% and return on equity of -72.7%.
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Manufactures innovative electric vehicles.
Canoo Inc. generates revenue by designing and producing versatile electric vehicles tailored for various applications, including logistics and personal transport. Their focus on proprietary technology and customizable vehicle architectures allows them to cater to a wide range of consumer and business needs, promoting large-scale electric vehicle adoption.
Canoo is positioned as a key player in the growing electric vehicle market, emphasizing sustainability and innovative solutions. The company aims to set benchmarks in the industry through strategic initiatives and partnerships, aligning with global sustainability trends.
Consumer Cyclical
Auto Manufacturers
812
Mr. Anthony Aquila
United States
2020
A judge has blocked a financier's attempt to disrupt the asset sale of EV startup Canoo amid its bankruptcy proceedings.
The judge's ruling protects Canoo's asset sale, ensuring stability and potential value recovery for stakeholders, which can positively influence investor confidence and market perception.
A London investor has requested a bankruptcy judge in Delaware to halt the sale of Canoo's assets to its CEO, citing concerns over the process's validity.
The challenge to Canoo's asset sale raises concerns about potential legal hurdles and valuation issues, impacting investor confidence and the company's future prospects.
A judge approved the sale of bankrupt EV startup Canoo's assets to CEO Anthony Aquila, stating the process was fair and he was the only bidder.
The sale of Canoo's assets to its CEO signals potential consolidation and future control, impacting investor confidence and market perception of the EV sector's viability.
Harbinger has objected to Canoo's asset sale to its CEO, potentially complicating the ongoing bankruptcy proceedings.
Harbinger's objection to Canoo's asset sale may delay the bankruptcy process, impacting investor confidence in asset recovery and the overall financial stability of Canoo.
Corporate America shows mixed performance amid concerns over tech valuations, Federal Reserve's hawkish actions, and Trump's tariffs affecting stocks.
Mixed corporate performance signals uncertainty in the market, affecting stock valuations. Fed policies and tariffs add volatility, impacting investment strategies and risk assessments.
Canoo's CEO is purchasing nearly all assets of the bankrupt electric vehicle startup, as revealed in a court filing.
Canoo's CEO acquiring nearly all assets signals potential restructuring and focus, impacting future operations and investor confidence in the company's recovery.
Based on our analysis of 8 Wall Street analysts, Canoo Inc. (GOEV) has a median price target of $100.00. The highest price target is $100.00 and the lowest is $100.00.
According to current analyst ratings, GOEV has 1 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $0.37. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict GOEV stock could reach $100.00 in the next 12 months. This represents a 26,927.0% increase from the current price of $0.37. Please note that this is a projection by Wall Street analysts and not a guarantee.
Canoo Inc. generates revenue by designing and producing versatile electric vehicles tailored for various applications, including logistics and personal transport. Their focus on proprietary technology and customizable vehicle architectures allows them to cater to a wide range of consumer and business needs, promoting large-scale electric vehicle adoption.
The highest price target for GOEV is $100.00 from at , which represents a 26,927.0% increase from the current price of $0.37.
The lowest price target for GOEV is $100.00 from at , which represents a 26,927.0% increase from the current price of $0.37.
The overall analyst consensus for GOEV is bullish. Out of 8 Wall Street analysts, 1 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $100.00.
Stock price projections, including those for Canoo Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.