Canoo (GOEV) Stock Forecast, Price Target & Predictions
GOEV Stock Forecast
Canoo stock forecast is as follows: an average price target of $3.00 (represents a 380.77% upside from GOEV’s last price of $0.62) 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 $3.00 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $4.50 to $1.50. This represents a potential 380.77% upside from GOEV's last price of $0.62.
GOEV Analyst Ratings
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% | 140.38% |
| May 15, 2024 | Jaime Perez | R.F. Lafferty | $3.00 | $2.58 | 16.28% | 380.77% |
| Apr 18, 2024 | Stephen Gengaro | Stifel Nicolaus | $4.50 | $2.86 | 57.34% | 621.15% |
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 140.38% increase from GOEV last price ($0.62).
Canoo Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 3 |
| Avg Price Target | - | $1.50 | $3.00 |
| Last Closing Price | $0.62 | $0.62 | $0.62 |
| Upside/Downside | -100.00% | 140.38% | 380.77% |
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 $0.62. This month's average price target is down -100.00% 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 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 | $360.00M | $335.80M | $204.40M | $195.90M | $73.70M | $43.85M | $34.65M | $27.02M | $14.90M | $1.80M | $913.25K | $1.22M | $703.80K | $601.75K | $45.00M | $3.00M |
| High Forecast | $712.83M | $664.92M | $404.73M | $387.90M | $145.93M | $86.83M | $68.61M | $53.50M | $29.50M | $3.56M | $913.37K | $2.41M | $1.09M | $601.88K | $54.00M | $5.94M |
| Low Forecast | $12.45M | $11.61M | $7.07M | $6.77M | $2.55M | $1.52M | $1.20M | $934.16K | $515.14K | $62.23K | $913.13K | $42.06K | $213.27K | $601.63K | $36.00M | $103.72K |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 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 $42.06K, and a high forecast of $2.41M. 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 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 | 3 | 4 | 2 | 2 | 4 | 2 | 15 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $-63.96M | $-48.77M | $-110.44M | $-10.34M |
| Avg Forecast | $-72.00M | $-67.16M | $-40.88M | $-39.18M | $-14.74M | $-8.77M | $-6.93M | $-5.40M | $-2.98M | $-360.00K | $-182.65K | $-243.33K | $-140.76K | $-120.35K | $-57.51M | $-600.00K |
| High Forecast | $-2.49M | $-2.32M | $-1.41M | $-1.35M | $-509.61K | $-303.20K | $-239.59K | $-186.83K | $-103.03K | $-12.45K | $-182.62K | $-8.41K | $-42.65K | $-120.32K | $-46.01M | $-20.74K |
| Low Forecast | $-142.57M | $-132.98M | $-80.95M | $-77.58M | $-29.19M | $-17.37M | $-13.72M | $-10.70M | $-5.90M | $-712.83K | $-182.67K | $-481.82K | $-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 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 | 3 | 4 | 2 | 2 | 4 | 2 | 15 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-28.45M | $-111.97M | $-112.55M | $-12.30M |
| Avg Forecast | $-16.71M | $-17.40M | $-38.99M | $-44.56M | $-30.37M | $-32.72M | $-34.15M | $-37.36M | $-48.05M | $-53.30M | $-60.43M | $-69.50M | $-123.54M | $-192.15M | $-68.78M | $-224.17M |
| High Forecast | $4.26M | $4.44M | $9.94M | $11.36M | $7.75M | $8.34M | $8.71M | $9.53M | $12.26M | $-43.83M | $15.41M | $17.73M | $-95.78M | $49.01M | $-55.03M | $57.18M |
| Low Forecast | $-38.00M | $-39.58M | $-88.66M | $-101.33M | $-69.07M | $-74.40M | $-77.66M | $-84.96M | $-109.28M | $-63.96M | $-137.42M | $-158.05M | $-143.67M | $-436.97M | $-82.54M | $-509.80M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.23% | 0.58% | 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 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 | 3 | 4 | 2 | 2 | 4 | 2 | 15 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $28.10M | $24.93M | $44.63M | $35.71M |
| Avg Forecast | $16.31B | $15.21B | $9.26B | $8.87B | $3.34B | $1.99B | $1.57B | $1.22B | $674.91M | $81.53M | $41.37M | $55.11M | $31.88M | $27.26M | $27.27M | $135.89M |
| High Forecast | $32.29B | $30.12B | $18.33B | $17.57B | $6.61B | $3.93B | $3.11B | $2.42B | $1.34B | $161.44M | $41.37M | $109.12M | $49.27M | $27.26M | $32.72M | $269.07M |
| Low Forecast | $563.77M | $525.87M | $320.09M | $306.78M | $115.42M | $68.67M | $54.26M | $42.31M | $23.33M | $2.82M | $41.36M | $1.91M | $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 $1.91M to $109.12M. The forecast indicates a 96.12% rise compared to GOEV last annual SG&A of $28.10M (Dec 23).
Canoo EPS Forecast
| 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 | 3 | 4 | 2 | 2 | 4 | 2 | 15 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.04 | $-0.18 | $-0.53 | $-0.08 |
| Avg Forecast | $-0.24 | $-0.25 | $-0.56 | $-0.64 | $-0.44 | $-0.47 | $-0.49 | $-0.54 | $-0.69 | $-0.77 | $-0.87 | $-1.00 | $-1.77 | $-2.76 | $-8.16 | $-3.22 |
| High Forecast | $0.06 | $0.06 | $0.14 | $0.16 | $0.11 | $0.12 | $0.13 | $0.14 | $0.18 | $-0.63 | $0.22 | $0.25 | $-1.38 | $0.70 | $2.08 | $0.82 |
| Low Forecast | $-0.55 | $-0.57 | $-1.27 | $-1.46 | $-0.99 | $-1.07 | $-1.12 | $-1.22 | $-1.57 | $-0.92 | $-1.97 | $-2.27 | $-2.06 | $-6.28 | $-18.57 | $-7.32 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.02% | 0.07% | 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 |
|---|---|---|---|---|---|
| RIDE | Lordstown Motors | $2.20 | $22.50 | 922.73% | Sell |
| GOEV | Canoo | $0.62 | $3.00 | 383.87% | Buy |
| LCID | Lucid Group | $2.18 | $8.59 | 294.04% | Hold |
| PSNY | Polestar Automotive UK | $1.21 | $4.70 | 288.43% | Hold |
| RIVN | Rivian Automotive | $12.03 | $30.96 | 157.36% | Buy |
| HYZN | Hyzon Motors | $1.61 | $2.89 | 79.50% | Hold |