Canoo (GOEV) Stock Forecast, Price Target & Predictions
GOEV Stock Forecast
Canoo stock forecast is as follows: an average price target of $3.75 (represents a 108.33% upside from GOEV’s last price of $1.80) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
GOEV Price Target
The average price target for Canoo (GOEV) is $3.75 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $4.50 to $3.00. This represents a potential 108.33% upside from GOEV's last price of $1.80.
GOEV Analyst Ratings
According to 4 Wall Street analysts, Canoo's rating consensus is 'Buy'. The analyst rating breakdown for GOEV stock is 0 'Strong Buy' (0.00%), 3 'Buy' (75.00%), 1 'Hold' (25.00%), 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 |
|---|---|---|---|---|---|---|
| May 15, 2024 | Jaime Perez | R.F. Lafferty | $3.00 | $2.58 | 16.28% | 66.67% |
| Apr 18, 2024 | Stephen Gengaro | Stifel Nicolaus | $4.50 | $2.86 | 57.34% | 150.00% |
The latest Canoo stock forecast, released on May 15, 2024 by Jaime Perez from R.F. Lafferty, set a price target of $3.00, which represents a 16.28% increase from the stock price at the time of the forecast ($2.58), and a 66.67% increase from GOEV last price ($1.80).
Canoo Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 2 |
| Avg Price Target | - | $3.75 | $3.75 |
| Last Closing Price | $1.80 | $1.80 | $1.80 |
| Upside/Downside | -100.00% | 108.33% | 108.33% |
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 $1.80. 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 |
|---|---|---|---|---|
| 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 R.F. Lafferty on May 15, 2024. The company Downgrade its GOEV rating from "Buy" to "Hold".
Canoo Financial Forecast
Canoo Revenue Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jun 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $367.00K | - | - | - |
| Avg Forecast | $360.00M | $335.80M | $204.40M | $195.90M | $122.55M | $102.78M | $83.15M | $66.65M | $46.42M | $15.18M | $2.74M | $1.22M | $703.80K | $601.75K | $45.00M | $3.00M |
| High Forecast | $360.00M | $335.80M | $204.40M | $195.90M | $122.55M | $102.78M | $83.15M | $66.65M | $46.42M | $15.18M | $4.69M | $1.22M | $1.09M | $601.75K | $54.00M | $9.90M |
| Low Forecast | $360.00M | $335.80M | $204.40M | $195.90M | $122.55M | $102.78M | $83.15M | $66.65M | $46.42M | $15.18M | $372.05K | $1.22M | $213.27K | $601.75K | $36.00M | $500.55K |
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 2 | 2 | 3 | 2 | 4 | 2 | 15 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.52% | - | - | - |
Canoo's average Quarter revenue forecast for Mar 24 based on 2 analysts is $1.22M, with a low forecast of $1.22M, and a high forecast of $1.22M. 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 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jun 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 2 | 2 | 3 | 2 | 4 | 2 | 15 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $-63.96M | - | $-110.44M | $-10.34M |
| Avg Forecast | $-72.00M | $-67.16M | $-40.88M | $-39.18M | $-24.51M | $-20.55M | $-16.63M | $-13.33M | $-9.28M | $-3.04M | $-548.43K | $-243.33K | $-140.76K | $-120.35K | $-57.51M | $-600.00K |
| High Forecast | $-72.00M | $-67.16M | $-40.88M | $-39.18M | $-24.51M | $-20.55M | $-16.63M | $-13.33M | $-9.28M | $-3.04M | $-74.41K | $-243.33K | $-42.65K | $-120.35K | $-46.01M | $-100.11K |
| Low Forecast | $-72.00M | $-67.16M | $-40.88M | $-39.18M | $-24.51M | $-20.55M | $-16.63M | $-13.33M | $-9.28M | $-3.04M | $-937.02K | $-243.33K | $-217.54K | $-120.35K | $-69.01M | $-1.98M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 454.37% | - | 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 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jun 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 2 | 2 | 3 | 2 | 4 | 2 | 15 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-28.45M | - | $-112.55M | $-12.30M |
| Avg Forecast | $-12.18M | $-12.69M | $-28.42M | $-32.48M | $-22.23M | $-25.49M | $-28.54M | $-34.08M | $-41.02M | $-42.20M | $-44.32M | $-50.66M | $-90.05M | $-140.06M | $-68.78M | $-105.42M |
| High Forecast | $-12.18M | $-12.69M | $-28.42M | $-32.48M | $-22.23M | $-25.49M | $-28.54M | $-34.08M | $-41.02M | $-42.20M | $-27.08M | $-50.66M | $-69.81M | $-140.06M | $-55.03M | $8.76M |
| Low Forecast | $-12.18M | $-12.69M | $-28.42M | $-32.48M | $-22.23M | $-25.49M | $-28.54M | $-34.08M | $-41.02M | $-42.20M | $-62.54M | $-50.66M | $-104.72M | $-140.06M | $-82.54M | $-420.47M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.32% | - | 1.64% | 0.12% |
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 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jun 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 2 | 2 | 3 | 2 | 4 | 2 | 15 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $28.10M | - | $44.63M | $35.71M |
| Avg Forecast | $16.31B | $15.21B | $9.26B | $8.87B | $5.55B | $4.66B | $3.77B | $3.02B | $2.10B | $687.80M | $124.21M | $55.11M | $31.88M | $27.26M | $27.27M | $135.89M |
| High Forecast | $16.31B | $15.21B | $9.26B | $8.87B | $5.55B | $4.66B | $3.77B | $3.02B | $2.10B | $687.80M | $212.22M | $55.11M | $49.27M | $27.26M | $32.72M | $448.27M |
| Low Forecast | $16.31B | $15.21B | $9.26B | $8.87B | $5.55B | $4.66B | $3.77B | $3.02B | $2.10B | $687.80M | $16.85M | $55.11M | $9.66M | $27.26M | $21.82M | $22.67M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.88% | - | 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 $55.11M to $55.11M. The forecast indicates a 96.12% rise compared to GOEV last annual SG&A of $28.10M (Dec 23).
Canoo EPS Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jun 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 2 | 2 | 3 | 2 | 4 | 2 | 15 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.04 | - | $-0.53 | $-0.08 |
| Avg Forecast | $-0.24 | $-0.25 | $-0.56 | $-0.64 | $-0.44 | $-0.50 | $-0.56 | $-0.67 | $-0.81 | $-0.83 | $-0.87 | $-1.00 | $-1.77 | $-2.76 | $-8.16 | $-3.22 |
| High Forecast | $-0.24 | $-0.25 | $-0.56 | $-0.64 | $-0.44 | $-0.50 | $-0.56 | $-0.67 | $-0.81 | $-0.83 | $-0.53 | $-1.00 | $-1.38 | $-2.76 | $0.68 | $0.27 |
| Low Forecast | $-0.24 | $-0.25 | $-0.56 | $-0.64 | $-0.44 | $-0.50 | $-0.56 | $-0.67 | $-0.81 | $-0.83 | $-1.23 | $-1.00 | $-2.06 | $-2.76 | $-32.57 | $-12.84 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.02% | - | 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 |
| PSNY | Polestar Automotive UK | $0.68 | $5.50 | 708.82% | Hold |
| HYZN | Hyzon Motors | $0.49 | $2.89 | 489.80% | Hold |
| LCID | Lucid Group | $2.52 | $14.29 | 467.06% | Buy |
| RIVN | Rivian Automotive | $10.88 | $36.24 | 233.09% | Buy |
| GOEV | Canoo | $1.80 | $3.75 | 108.33% | Buy |
GOEV Forecast FAQ
Is Canoo a good buy?
Yes, according to 4 Wall Street analysts, Canoo (GOEV) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 75.00% of GOEV's total ratings.
What is GOEV's price target?
Canoo (GOEV) average price target is $3.75 with a range of $3 to $4.5, implying a 108.33% from its last price of $1.8. The data is based on 4 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 108.33% (from the last price of $1.8 to the average price target of $3.75), up by 150.00% based on the highest stock price target, and up by 66.67% based on the lowest stock price target.
Can Canoo stock reach $3?
GOEV's average twelve months analyst stock price target of $3.75 supports the claim that Canoo can reach $3 in the near future.
What are Canoo's analysts' financial forecasts?
Canoo's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $375.12M (high $375.12M, low $375.12M), average EBITDA is $-75.025M (high $-75.025M, low $-75.025M), average net income is $-110M (high $-110M, low $-110M), average SG&A $16.99B (high $16.99B, low $16.99B), and average EPS is $-2.174 (high $-2.174, low $-2.174). GOEV's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.1B (high $1.1B, low $1.1B), average EBITDA is $-219M (high $-219M, low $-219M), average net income is $-85.761M (high $-85.761M, low $-85.761M), average SG&A $49.65B (high $49.65B, low $49.65B), and average EPS is $-1.69 (high $-1.69, low $-1.69).
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, beating the average estimation of $-230M by 31.25%. 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 $-4.535 by -88.53%. 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 $-90.051M by -68.41%. 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 $-1.775 by -97.87%