Canoo (GOEV) Stock Forecast, Price Target & Predictions

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GOEV Stock Forecast

Canoo stock forecast is as follows: an average price target of $1.50 (represents a 305.41% upside from GOEV’s last price of $0.37) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.

GOEV Price Target

The average price target for Canoo (GOEV) is $1.50 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $1.50 to $1.50. This represents a potential 305.41% upside from GOEV's last price of $0.37.

GOEV Analyst Ratings

Buy

According to 5 Wall Street analysts, Canoo's rating consensus is 'Buy'. The analyst rating breakdown for GOEV stock is 0 'Strong Buy' (0.00%), 4 'Buy' (80.00%), 1 'Hold' (20.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Canoo Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Aug 15, 2024	Craig Irwin	Roth Capital	$1.50	$1.41	6.38%	305.41%
May 15, 2024	Jaime Perez	R.F. Lafferty	$3.00	$2.58	16.28%	710.81%
Apr 18, 2024	Stephen Gengaro	Stifel Nicolaus	$4.50	$2.86	57.34%	1116.22%

The latest Canoo stock forecast, released on Aug 15, 2024 by Craig Irwin from Roth Capital, set a price target of $1.50, which represents a 6.38% increase from the stock price at the time of the forecast ($1.41), and a 305.41% increase from GOEV last price ($0.37).

Canoo Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	3
Avg Price Target	-	-	$3.00
Last Closing Price	$0.37	$0.37	$0.37
Upside/Downside	-100.00%	-100.00%	710.81%

In the current month, the average price target of Canoo stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Canoo's last price of $0.37. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Aug 16, 2024	H.C. Wainwright	Buy	Buy	Hold
Aug 15, 2024	Alliance Global Partners	Buy	Buy	Hold
Aug 06, 2024	Zacks Investment Research	Perform	Perform	Hold
May 15, 2024	R.F. Lafferty	Buy	Hold	Downgrade
Apr 17, 2024	Benchmark		Buy	Initialise
Apr 02, 2024	H.C. Wainwright	Buy	Buy	Hold
Nov 15, 2023	EF Hutton	Buy	Buy	Hold
Jul 23, 2022	R.F. Lafferty	Buy	Buy	Hold

Canoo's last stock rating was published by H.C. Wainwright on Aug 16, 2024. The company gave GOEV a "Buy" rating, the same as its previous rate.

Canoo Financial Forecast

Canoo Revenue Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 21	Dec 20
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$367.00K	$519.00K	-	-
Avg Forecast	$68.70M	$68.80M	$46.30M	$35.00M	$23.60M	$12.40M	$5.60M	$3.40M	$6.87M	$4.53M	$2.83M	$2.27M	$919.00K	$1.80M	$913.25K	$1.22M	$703.80K	$601.75K	$45.00M	$3.00M
High Forecast	$82.44M	$82.56M	$55.56M	$42.00M	$28.32M	$14.88M	$6.72M	$4.08M	$8.24M	$5.44M	$3.40M	$2.72M	$1.10M	$2.16M	$913.37K	$1.46M	$1.09M	$601.88K	$54.00M	$5.94M
Low Forecast	$54.96M	$55.04M	$37.04M	$28.00M	$18.88M	$9.92M	$4.48M	$2.72M	$5.49M	$3.63M	$2.27M	$1.81M	$735.20K	$1.44M	$913.13K	$973.33K	$213.27K	$601.63K	$36.00M	$103.72K
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	4	2	15	9
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.52%	0.86%	-	-

Canoo's average Quarter revenue forecast for Mar 24 based on 2 analysts is $1.22M, with a low forecast of $973.33K, and a high forecast of $1.46M. GOEV's average Quarter revenue forecast represents a 231.52% increase compared to the company's last Quarter revenue of $367.00K (Dec 23).

Canoo EBITDA Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 21	Dec 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	4	2	15	9
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-63.96M	$-48.77M	$-110.44M	$-10.34M
Avg Forecast	$-13.74M	$-13.76M	$-9.26M	$-7.00M	$-4.72M	$-2.48M	$-1.12M	$-680.00K	$-1.37M	$-906.67K	$-566.67K	$-453.33K	$-183.80K	$-360.00K	$-182.65K	$-243.33K	$-140.76K	$-120.35K	$-57.51M	$-600.00K
High Forecast	$-10.99M	$-11.01M	$-7.41M	$-5.60M	$-3.78M	$-1.98M	$-896.00K	$-544.00K	$-1.10M	$-725.33K	$-453.33K	$-362.67K	$-147.04K	$-288.00K	$-182.62K	$-194.67K	$-42.65K	$-120.32K	$-46.01M	$-20.74K
Low Forecast	$-16.49M	$-16.51M	$-11.11M	$-8.40M	$-5.66M	$-2.98M	$-1.34M	$-816.00K	$-1.65M	$-1.09M	$-680.00K	$-544.00K	$-220.56K	$-432.00K	$-182.67K	$-292.00K	$-217.54K	$-120.37K	$-69.01M	$-1.19M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	454.37%	405.23%	1.92%	17.23%

undefined analysts predict GOEV's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Canoo's previous annual EBITDA (undefined) of $NaN.

Canoo Net Income Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 21	Dec 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	4	2	15	9
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-28.45M	$-111.97M	$-112.55M	$-12.30M
Avg Forecast	$-427.82M	$-427.82M	$-446.42M	$-446.42M	$-446.42M	$-427.82M	$-409.22M	$-390.62M	$-497.26M	$-519.89M	$-571.35M	$-785.88M	$-744.03M	$-1.42B	$-1.61B	$-1.86B	$-3.30B	$-5.13B	$-68.78M	$-224.17M
High Forecast	$-316.59M	$-316.59M	$-330.35M	$-330.35M	$-330.35M	$-316.59M	$-302.82M	$-289.06M	$-367.97M	$-384.72M	$-422.80M	$-581.55M	$-550.58M	$-1.05B	$-1.19B	$-1.37B	$-2.56B	$-3.80B	$-55.03M	$57.18M
Low Forecast	$-539.05M	$-539.05M	$-562.49M	$-562.49M	$-562.49M	$-539.05M	$-515.61M	$-492.18M	$-626.55M	$-655.06M	$-719.91M	$-990.21M	$-937.48M	$-1.79B	$-2.03B	$-2.34B	$-3.84B	$-6.47B	$-82.54M	$-509.80M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01%	0.02%	1.64%	0.05%

Canoo's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. GOEV's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).

Canoo SG&A Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 21	Dec 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	4	2	15	9
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$28.10M	$24.93M	$44.63M	$35.71M
Avg Forecast	$3.11B	$3.12B	$2.10B	$1.59B	$1.07B	$561.67M	$253.66M	$154.01M	$311.03M	$205.34M	$128.34M	$102.67M	$41.63M	$81.53M	$41.37M	$55.11M	$31.88M	$27.26M	$27.27M	$135.89M
High Forecast	$3.73B	$3.74B	$2.52B	$1.90B	$1.28B	$674.00M	$304.39M	$184.81M	$373.24M	$246.41M	$154.01M	$123.20M	$49.95M	$97.84M	$41.37M	$66.13M	$49.27M	$27.26M	$32.72M	$269.07M
Low Forecast	$2.49B	$2.49B	$1.68B	$1.27B	$855.19M	$449.33M	$202.93M	$123.20M	$248.83M	$164.27M	$102.67M	$82.14M	$33.30M	$65.23M	$41.36M	$44.09M	$9.66M	$27.25M	$21.82M	$4.70M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.88%	0.91%	1.64%	0.26%

Canoo's average Quarter SG&A projection for Mar 24 is $55.11M, based on 2 Wall Street analysts, with a range of $44.09M to $66.13M. The forecast indicates a 96.12% rise compared to GOEV last annual SG&A of $28.10M (Dec 23).

Canoo EPS Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 21	Dec 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	4	2	15	9
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-0.04	$-0.18	$-0.53	$-0.08
Avg Forecast	$-4.60	$-4.60	$-4.80	$-4.80	$-4.80	$-4.60	$-4.40	$-4.20	$-5.35	$-5.59	$-6.14	$-8.45	$-8.00	$-15.31	$-17.36	$-19.97	$-35.49	$-55.20	$-8.16	$-3.22
High Forecast	$-3.40	$-3.40	$-3.55	$-3.55	$-3.55	$-3.40	$-3.26	$-3.11	$-3.96	$-4.14	$-4.55	$-6.25	$-5.92	$-11.33	$-12.85	$-14.77	$-27.52	$-40.85	$2.08	$0.82
Low Forecast	$-5.80	$-5.80	$-6.05	$-6.05	$-6.05	$-5.80	$-5.54	$-5.29	$-6.74	$-7.04	$-7.74	$-10.65	$-10.08	$-19.29	$-21.87	$-25.16	$-41.27	$-69.55	$-18.57	$-7.32
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00%	0.00%	0.06%	0.02%

According to undefined Wall Street analysts, Canoo's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to GOEV previous annual EPS of $NaN (undefined).

Canoo Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
HYZN	Hyzon Motors	$0.51	$2.89	466.67%	Hold
GOEV	Canoo	$0.37	$1.50	305.41%	Buy
PSNY	Polestar Automotive UK	$1.00	$1.50	50.00%	Hold
LCID	Lucid Group	$2.67	$3.15	17.98%	Hold
RIVN	Rivian Automotive	$12.42	$14.14	13.85%	Buy

GOEV Forecast FAQ

Is Canoo a good buy?

Yes, according to 5 Wall Street analysts, Canoo (GOEV) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 80.00% of GOEV's total ratings.

What is GOEV's price target?

Canoo (GOEV) average price target is $1.5 with a range of $1.5 to $1.5, implying a 305.41% from its last price of $0.37. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Canoo stock go up soon?

According to Wall Street analysts' prediction for GOEV stock, the company can go up by 305.41% (from the last price of $0.37 to the average price target of $1.5), up by 305.41% based on the highest stock price target, and up by 305.41% based on the lowest stock price target.

Can Canoo stock reach $1?

GOEV's average twelve months analyst stock price target of $1.5 supports the claim that Canoo can reach $1 in the near future.

What are Canoo's analysts' financial forecasts?

Canoo's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $45M (high $54M, low $36M), average EBITDA is $-9M (high $-7.2M, low $-10.8M), average net income is $-1.674B (high $-1.239B, low $-2.109B), average SG&A $2.04B (high $2.45B, low $1.63B), and average EPS is $-18 (high $-13.32, low $-22.68). GOEV's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $218.8M (high $262.56M, low $175.04M), average EBITDA is $-43.76M (high $-35.008M, low $-52.512M), average net income is $-1.748B (high $-1.294B, low $-2.203B), average SG&A $9.91B (high $11.89B, low $7.93B), and average EPS is $-18.8 (high $-13.912, low $-23.688).

Did the GOEV's actual financial results beat the analysts' financial forecasts?

Based on Canoo's last annual report (Dec 2023), the company's revenue was $886K, which missed the average analysts forecast of $1.31M by -32.14%. Apple's EBITDA was $-268M, beating the average prediction of $-261K by 102470.20%. The company's net income was $-302M, missing the average estimation of $-8.435B by -96.42%. Apple's SG&A was $113.3M, beating the average forecast of $59.14M by 91.58%. Lastly, the company's EPS was $-0.52, missing the average prediction of $-90.691 by -99.43%. In terms of the last quarterly report (Dec 2023), Canoo's revenue was $367K, missing the average analysts' forecast of $703.8K by -47.85%. The company's EBITDA was $-63.957M, beating the average prediction of $-141K by 45337.24%. Canoo's net income was $-28.445M, missing the average estimation of $-3.301B by -99.14%. The company's SG&A was $28.1M, missing the average forecast of $31.88M by -11.85%. Lastly, the company's EPS was $-0.0378, missing the average prediction of $-35.491 by -99.89%