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NASDAQ: GOEV
Canoo Inc Stock Forecast, Predictions & Price Target

Analyst price target for GOEV

Based on 4 analysts offering 12 month price targets for Canoo Inc.
Min Forecast
$17.25+383.19%
Avg Forecast
$49.19+1,277.82%
Max Forecast
$92.00+2,477.03%

Should I buy or sell GOEV stock?

Based on 4 analysts offering ratings for Canoo Inc.
Strong Buy
Strong Buy
2 analysts 50%
Buy
2 analysts 50%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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GOEV stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-03-15Find Out Why
lockedlocked$00.00+00.00%2024-01-23
lockedlocked$00.00+00.00%2024-01-05
lockedlocked$00.00+00.00%2023-11-15Find Out Why

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Forecast return on equity

Is GOEV forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
37.27%

Forecast return on assets

Is GOEV forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

GOEV revenue forecast

What is GOEV's revenue in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$123.8M+23,751.06%
Avg 2 year Forecast
$708.9M+136,491.52%
Avg 3 year Forecast
$1.5B+280,979%
GOEV's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

GOEV revenue growth forecast

How is GOEV forecast to perform vs Auto Manufacturers companies and vs the US market?
Company
1,295.92%
Industry
43.92%
Market
10.52%
GOEV's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
GOEV's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

GOEV vs Auto Stocks

TickerPricePrice TargetUp/downsideConsensus
GOEV$3.57$49.19+1,277.82%Strong Buy
NIU$1.68N/AN/A
WKHS$0.24$0.30+27.66%Strong Sell
CJET$0.46N/AN/A
GP$1.97$6.50+229.95%Strong Buy

Canoo Stock Forecast FAQ

Is Canoo Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 4 Wall Street analysts covering (NASDAQ: GOEV) stock is to Strong Buy GOEV stock.

Out of 4 analysts, 2 (50%) are recommending GOEV as a Strong Buy, 2 (50%) are recommending GOEV as a Buy, 0 (0%) are recommending GOEV as a Hold, 0 (0%) are recommending GOEV as a Sell, and 0 (0%) are recommending GOEV as a Strong Sell.

If you're new to stock investing, here's how to buy Canoo stock.

What is GOEV's revenue growth forecast for 2024-2026?

(NASDAQ: GOEV) Canoo's forecast annual revenue growth rate of 1,295.92% is forecast to beat the US Auto Manufacturers industry's average forecast revenue growth rate of 43.92%, and it is also forecast to beat the US market's average forecast revenue growth rate of 10.52%.

Canoo's revenue in 2024 is $519,000.On average, 4 Wall Street analysts forecast GOEV's revenue for 2024 to be $3,909,002,828, with the lowest GOEV revenue forecast at $3,454,683,524, and the highest GOEV revenue forecast at $4,687,822,387. On average, 4 Wall Street analysts forecast GOEV's revenue for 2025 to be $22,386,286,079, with the lowest GOEV revenue forecast at $11,841,922,500, and the highest GOEV revenue forecast at $37,894,152,000.

In 2026, GOEV is forecast to generate $46,066,657,448 in revenue, with the lowest revenue forecast at $45,820,345,460 and the highest revenue forecast at $46,312,969,436.

What is GOEV's forecast return on assets (ROA) for 2024-2027?

(NASDAQ: GOEV) forecast ROA is N/A, which is lower than the forecast US Auto Manufacturers industry average of N/A.

What is GOEV's Price Target?

According to 4 Wall Street analysts that have issued a 1 year GOEV price target, the average GOEV price target is $49.19, with the highest GOEV stock price forecast at $92.00 and the lowest GOEV stock price forecast at $17.25.

On average, Wall Street analysts predict that Canoo's share price could reach $49.19 by Mar 15, 2025. The average Canoo stock price prediction forecasts a potential upside of 1,277.82% from the current GOEV share price of $3.57.

What is GOEV's forecast return on equity (ROE) for 2024-2027?

(NASDAQ: GOEV) forecast ROE is N/A, which is considered weak.
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