What is the current Price Target and Forecast for Canoo (GOEV) (2024)

(Delayed Data from NSDQ)

$1.81 USD

1.81

2,528,271

0.00 (0.00%)

Updated Jun 20, 2024 04:00 PM ET

After-Market: $1.81 0.00 (0.00%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.08%
2Buy17.91%
3Hold9.44%
4Sell5.10%
5Strong Sell2.55%
S&P50011.04%

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3-Hold of 5 3

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

FValue | BGrowth | AMomentum | CVGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Zacks Rank Education -- Learn more about the Zacks Rank
Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 19% (47 out of 249)

Industry: Automotive - Domestic

View All Zacks #1 Ranked Stocks

What is the current Price Target and Forecast for Canoo (GOEV) (2) Better trading starts here.

Canoo Inc. (GOEV) Price Targets

Average Price Target Highest Price Target Lowest Price Target Upside to Average Price Target
$6.57 $18.50 $3.00 262.98%

Price Target

Based on short-term price targets offered by seven analysts, the average price target for Canoo Inc. comes to $6.57. The forecasts range from a low of $3.00 to a high of $18.50. The average price target represents an increase of 262.98% from the last closing price of $1.81.

Analyst Price Targets (7 )

Last Close 1.81

Average 6.57 262.98% Upside Low 3.00 65.75% Upside High 18.50 922.10% Upside

Broker Rating

Canoo Inc. currently has an average brokerage recommendation (ABR) of 1.57 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by seven brokerage firms. The current ABR compares to an ABR of 1.57 a month ago based on seven recommendations.

Of the seven recommendations deriving the current ABR, five are Strong Buy, representing 71.43% of all recommendations. A month ago, Strong Buy represented 71.43%.

Broker Rating Breakdown

What is the current Price Target and Forecast for Canoo (GOEV) (3)

Today1 Week Ago1 Month Ago2 Months Ago3 Months Ago
Strong Buy55565
Buy00000
Hold22211
Sell00000
Strong Sell00000
ABR1.571.571.571.291.33

1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.

2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.

DateBrokerage FirmAnalystPreviousCurrent
5/15/2024R.F. Lafferty & Co.Jaime PerezStrong BuyHold
5/15/2024Roth Capital PartnersCraig E IrwinHoldHold
4/17/2024The Benchmark CompanyMichael LeggNot AvailableStrong Buy
4/2/2024H.C. Wainwright & Co.Amit DayalStrong BuyStrong Buy
3/15/2024Alliance Global PartnersPoe FrattStrong BuyStrong Buy
1/23/2024Not IdentifiedNot IdentifiedStrong BuyStrong Buy
1/5/2024Wedbush Securities Daniel H IvesNot AvailableStrong Buy

1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.

2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.

Current ABR

Zacks provides the average brokerage recommendation (ABR) for thousands of stocks for most of the leading investment web sties. The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc) made by the brokerage firms for a given stock.

ABR vs Zacks Rank

1.57
ABR (Last week)1.57
# of Recs in ABR7
Average Target Price $6.57
LT Growth RateNA
IndustryAutomotive - Domestic
Industry Rank by ABR47 of 252
Current Quarter EPS Est: -0.90
What is the current Price Target and Forecast for Canoo (GOEV) (2024)

FAQs

What is the current Price Target and Forecast for Canoo (GOEV)? ›

Average Price Target

What is the target price for Canoo GOEV? ›

The average one-year price target for Canoo Inc. is $6.99. The forecasts range from a low of $3.03 to a high of $19.42.

What is the future price of Canoo stock? ›

Stock Price Forecast

The 6 analysts with 12-month price forecasts for Canoo stock have an average target of 23.79, with a low estimate of 3.00 and a high estimate of 92. The average target predicts an increase of 1,054.85% from the current stock price of 2.06. * Price targets were last updated on May 22, 2024.

What is the GOEV forecast for 2025? ›

What is the Canoo Inc. stock prediction for 2025? According to our Canoo Inc. stock prediction for 2025, GOEV stock will be priced at $ 1.468524 in 2025. This forecast is based on the stock's average growth over the past 10 years.

What is the GOEV forecast for 2024? ›

(NASDAQ: GOEV) Canoo's forecast annual revenue growth rate of 924.05% is forecast to beat the US Auto Manufacturers industry's average forecast revenue growth rate of 9.88%, and it is also forecast to beat the US market's average forecast revenue growth rate of 10.02%. Canoo's revenue in 2024 is $886,000.

Is GOEV a good long-term investment? ›

GOEV Stock Forecast FAQ

Canoo has 141.55% upside potential, based on the analysts' average price target. Is GOEV a Buy, Sell or Hold? Canoo has a consensus rating of Moderate Buy which is based on 2 buy ratings, 1 hold ratings and 0 sell ratings.

Is Canoo undervalued? ›

The intrinsic value of one GOEV stock under the Base Case scenario is 10.18 USD. Compared to the current market price of 1.89 USD, Canoo Inc is Undervalued by 81%.

Where will Canoo be in 5 years? ›

Canoo Stock Forecast 2026-2030

These five years would bring a significant increase: Canoo price would move from $6.86 to $16.87, which is up 146%. Canoo will start 2026 at $6.86, then soar to $8.16 within the first six months of the year and finish 2026 at $9.63. That means +319% from today.

Who is the major investors in Canoo? ›

Largest shareholders include FSMAX - Fidelity Extended Market Index Fund, SCHA - Schwab U.S. Small-Cap ETF, VCDAX - Vanguard Consumer Discretionary Index Fund Admiral Shares, Vanguard Group Inc, Susquehanna International Group, Llp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Susquehanna ...

What is the difference between GOEV and goevw stock? ›

The Common Stock will continue trading on The Nasdaq Capital Market under the symbol “GOEV” with a new CUSIP number (13803R201). The Company's publicly traded warrants will continue to be traded on The Nasdaq Capital Market under the symbol “GOEVW” and the CUSIP number for the public warrants will remain unchanged.

What is the base rate forecast for 2025? ›

The BCC now forecasts a base rate of 4.75% at the end of Q4 2024, then 4.35% for Q4 2025, and 3.95% by Q4 2026. The unemployment rate is now expected to rise more strongly to 4.5% in 2024 and then 4.6% in 2025 before falling to 4.4% in 2026. This is a slight increase from last quarter's forecast.

How high will Canoo stock go? ›

Based on short-term price targets offered by seven analysts, the average price target for Canoo Inc. comes to $6.57. The forecasts range from a low of $3.00 to a high of $18.50. The average price target represents an increase of 236.92% from the last closing price of $1.95.

What is the global electric vehicle forecast for 2030? ›

The global electric car stock expands to almost 350 million vehicles by 2030, but future growth will hinge on efforts to diversify battery manufacturing and critical mineral supplies to reduce the risks of supply bottlenecks and higher prices.

What is the EV forecast for 2035? ›

Surging demand for clean, cheap EVs across the rest of this decade will completely change the global auto industry. By 2035, IEA projects 50% of all cars sold globally will be EVs, cutting oil demand between 6-10 million barrels per day, equivalent to the current amount used for road transportation in the U.S.

What is the earnings forecast for Canoo? ›

Canoo Inc. Class A Common Stock is expected* to report earnings on 08/14/2024 after market close. The report will be for the fiscal Quarter ending Jun 2024. According to Zacks Investment Research, based on 4 analysts' forecasts, the consensus EPS forecast for the quarter is $-0.89.

What is the dividend of GOEV? ›

The current TTM dividend payout for Canoo (GOEV) as of July 30, 2024 is $0.00. The current dividend yield for Canoo as of July 30, 2024 is 0.00%.

Is GOEV a penny stock? ›

Examine several EV penny stocks to avoid and perhaps a hidden gem as well. Mullen Automotive (MULN): The company keeps burning cash as fast as it scores new contracts. Canoo (GOEV): When management expresses doubt about continuing as a going concern, believe them.

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