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Canoo (GOEV) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

GOEV Stock Forecast

Canoo (GOEV) stock forecast, based on 5 Wall Street analysts, predicts a 12-month average price target of $3.00, with a high of $4.50 and a low of $1.50. This represents a 710.81% increase from the last price of $0.37.

- $1 $2 $3 $4 $5 High: $4.5 Avg: $3 Low: $1.5 Last Closed Price: $0.37

GOEV Stock Rating

Canoo stock's rating consensus is Buy, based on 5 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 4 Buy (80.00%), 1 Hold (20.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 5 0 1 4 Strong Sell Sell Hold Buy Strong Buy

GOEV Price Target Upside V Benchmarks

TypeNameUpside
StockCanoo710.81%
SectorConsumer Cyclical Stocks 15.29%
IdeaElectric Vehicle Stocks List24.61%
IdeaEV Car Stocks List19.17%

Price Target Trends

1M3M12M
# Anlaysts--3
Avg Price Target--$3.00
Last Closing Price$0.37$0.37$0.37
Upside/Downside--710.81%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Mar, 25-1---1
Feb, 25-1---1
Jan, 25143--8
Dec, 24142--7
Nov, 24241--7
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 15, 2024Craig IrwinRoth Capital$1.50$1.416.38%305.41%
May 15, 2024Jaime PerezR.F. Lafferty$3.00$2.5816.28%710.81%
Apr 18, 2024Stephen GengaroStifel Nicolaus$4.50$2.8657.34%1116.22%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Aug 16, 2024H.C. WainwrightBuyBuyhold
Aug 15, 2024Alliance Global PartnersBuyBuyhold
Aug 06, 2024Zacks Investment ResearchPerformPerformhold
May 15, 2024R.F. LaffertyBuyHolddowngrade
Apr 17, 2024BenchmarkBuyinitialise
Apr 02, 2024H.C. WainwrightBuyBuyhold
Nov 15, 2023EF HuttonBuyBuyhold
Jul 23, 2022R.F. LaffertyBuyBuyhold

Financial Forecast

EPS Forecast

$-3K $-2K $-2K $-900 $-200 $500 Dec 20 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-18.72$-39.76$-0.52-----
Avg Forecast$-58.19$-815.73$-274.81$-53.20$-22.60$-25.20$-23.20$-20.60
High Forecast$-25.32$174.77$-261.80$-53.20$-22.60$-1.86$-1.81$-20.60
Low Forecast$-85.48$-2.54K$-285.19$-53.20$-22.60$-71.19$-44.59$-20.60
Surprise %-67.83%-95.13%-99.81%-----

Revenue Forecast

$0 $90M $180M $270M $360M $450M Dec 20 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$2.55M-$886.00K-----
Avg Forecast$5.60M$2.00M$1.24M$2.42M$3.21M$86.32M$207.72M$427.51M
High Forecast$7.62M$5.26M$1.81M$2.42M$3.21M$86.32M$210.46M$427.51M
Low Forecast$3.17M$131.93K$351.75K$2.42M$3.21M$86.32M$204.97M$427.51M
Surprise %-54.46%--28.71%-----

Net Income Forecast

$-65B $-51B $-37B $-23B $-9B $5B Dec 20 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-89.82M$-466.34M$-302.02M-----
Avg Forecast$-1.46B$-20.44B$-6.85B$-1.33B$-566.18M$-239.90M$-236.07M$-516.07M
High Forecast$-634.28M$4.38B$-6.56B$-1.33B$-566.18M$-46.71M$-45.26M$-516.07M
Low Forecast$-2.14B$-63.74B$-7.14B$-1.33B$-566.18M$-1.78B$-1.12B$-516.07M
Surprise %-93.84%-97.72%-95.59%-----

GOEV Forecast FAQ

Is Canoo stock a buy?

Canoo stock has a consensus rating of Buy, based on 5 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 4 Buy, 1 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Canoo is a favorable investment for most analysts.

What is Canoo's price target?

Canoo's price target, set by 5 Wall Street analysts, averages $3 over the next 12 months. The price target range spans from $1.5 at the low end to $4.5 at the high end, suggesting a potential 710.81% change from the previous closing price of $0.37.

How does Canoo stock forecast compare to its benchmarks?

Canoo's stock forecast shows a 710.81% upside, outperforming the average forecast for the consumer cyclical stocks sector (15.29%), leading the electric vehicle stocks list (24.61%) and ev car stocks list (19.17%) investment ideas.

What is the breakdown of analyst ratings for Canoo over the past three months?

  • March 2025: 0% Strong Buy, 100.00% Buy, 0% Hold, 0% Sell, 0% Strong Sell.
  • February 2025: 0% Strong Buy, 100.00% Buy, 0% Hold, 0% Sell, 0% Strong Sell.
  • January 2025: 12.50% Strong Buy, 50.00% Buy, 37.50% Hold, 0% Sell, 0% Strong Sell.

What is Canoo’s EPS forecast?

Canoo's average annual EPS forecast for its fiscal year ending in December 2024 is $-53.2, marking a 10130.77% increase from the reported $-0.52 in 2023. Estimates for the following years are $-22.6 in 2025, $-25.2 in 2026, $-23.2 in 2027, and $-20.6 in 2028.

What is Canoo’s revenue forecast?

Canoo's average annual revenue forecast for its fiscal year ending in December 2024 is $2.42M, reflecting a 172.57% increase from the reported $886K in 2023. The forecast for 2025 is $3.21M, followed by $86.32M for 2026, $207.72M for 2027, and $427.51M for 2028.

What is Canoo’s net income forecast?

Canoo's net income forecast for the fiscal year ending in December 2024 stands at $-1.333B, representing an 341.28% increase from the reported $-302M in 2023. Projections indicate $-566M in 2025, $-240M in 2026, $-236M in 2027, and $-516M in 2028.