Canoo Inc. (GOEV)
NASDAQ: GOEV · Real-Time Price · USD
1.250
+0.010 (0.81%)
At close: Sep 13, 2024, 4:00 PM
1.240
-0.010 (-0.80%)
After-hours: Sep 13, 2024, 7:59 PM EDT
GOEV's stock price has decreased by -89.34% in the past year and price targets may not have had time to catch up.
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Canoo stock have an average target of 23.04, with a low estimate of 1.50 and a high estimate of 92. The average target predicts an increase of 1,743.20% from the current stock price of 1.25.
Analyst Consensus: Strong Buy
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $1.50 | $23.04 | $17.25 | $92 |
| Change | +20.00% | +1743.2% | +1280.0% | +7260.0% |
* Price targets were last updated on Aug 16, 2024.
Analyst Ratings
The average analyst rating for Canoo stock from 6 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 | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 6 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $7 → $4 | Strong Buy | Maintains | $7 → $4 | +220.00% | Aug 16, 2024 |
| Roth MKM | Roth MKM | Hold Maintains $3 → $1.5 | Hold | Maintains | $3 → $1.5 | +20.00% | Aug 15, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $5 | Strong Buy | Reiterates | $5 | +300.00% | May 22, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $7 | Strong Buy | Reiterates | $7 | +460.00% | May 15, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $5 | Strong Buy | Reiterates | $5 | +300.00% | May 15, 2024 |
Financial Forecast
Revenue This Year
27.47M
from 886.00K
Increased by 2,999.89%
from 886.00K
Revenue Next Year
306.62M
from 27.47M
Increased by 1,016.40%
from 27.47M
EPS This Year
-3.55
from -12.19
from -12.19
EPS Next Year
-2.50
from -3.55
from -3.55
| Fiscal Year | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 | Dec 31, 2026 | ||
| Revenue | - | 2.55M | - | - | 886.00K | 27.47M | 306.62M | 456.92M | ||
| Revenue Growth | - | - | - | - | - | 2,999.89% | 1,016.40% | 49.02% | ||
| EPS | -57.05 | -18.17 | -34.99 | -41.63 | -12.19 | -3.55 | -2.50 | -1.28 | ||
| EPS Growth | - | - | - | - | - | - | - | - | ||
| Forward PE | - | - | - | - | - | - | - | - | ||
| No. Analysts | - | - | - | - | - | 9 | 8 | 6 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 47.4M | 367.5M | 672.0M | ||
| Avg | 27.5M | 306.6M | 456.9M | ||
| Low | 15.3M | 254.8M | 250.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5,254.3% | 1,238.1% | 119.2% | ||
| Avg | 2,999.9% | 1,016.4% | 49.0% | ||
| Low | 1,625.5% | 827.7% | -18.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -3.13 | -1.46 | -0.58 |
| Avg | -3.55 | -2.50 | -1.28 |
| Low | -3.87 | -4.41 | -1.92 |
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.
