Benchmark Co. analyst Michael Legg maintained a Buy rating on Canoo (GOEV – Research Report) today and set a price target of $5.00. The company’s shares closed yesterday at $2.79.
According to TipRanks, Legg is ranked #1640 out of 8812 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Canoo with a $5.10 average price target, which is an 82.80% upside from current levels. In a report released today, H.C. Wainwright also maintained a Buy rating on the stock with a $7.00 price target.
GOEV market cap is currently $179.9M and has a P/E ratio of -0.27.
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Canoo (GOEV) Company Description:
Canoo is a mobility technology firm that manufactures electric vehicles for both consumer and commercial markets. The company’s products encompass lifestyle delivery vehicles, lifestyle vehicles, pickups, and multi-purpose delivery vehicles. Beyond vehicle manufacturing, it is engaged in developing a software platform tailored to aggregate data from Canoo vehicles and those from other manufacturers, providing customers with valuable insights.
Read More on GOEV:
- GOEV Earnings: Canoo Stock Down on Weak Q1 Results
- Options Volatility and Implied Earnings Moves Today, May 14, 2024
- Options Volatility and Implied Earnings Moves This Week, May 13 – May 16, 2024
- Canoo management to participate in a conference call hosted by Benchmark
- Canoo to Announce First Quarter 2024 Financial Results
