$1.37
11.04% yesterday
Nasdaq, Dec 30, 10:19 pm CET
ISIN
US13803R1023
Symbol
GOEV

Canoo Inc - Ordinary Shares - Class A Target price 2024 - Analyst rating & recommendation

Canoo Inc - Ordinary Shares - Class A Classifications & Recommendation:

Buy
80%
Hold
20%

Canoo Inc - Ordinary Shares - Class A Price Target

Target Price $60.40
Price $1.37
Potential
Number of Estimates 5
5 Analysts have issued a price target Canoo Inc - Ordinary Shares - Class A 2025 . The average Canoo Inc - Ordinary Shares - Class A target price is $60.40. This is higher than the current stock price. The highest price target is
$100.00 7,199.27%
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, the lowest is .
A rating was issued by 5 analysts: 4 Analysts recommend Canoo Inc - Ordinary Shares - Class A to buy, 1 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Canoo Inc - Ordinary Shares - Class A stock has an average upside potential 2025 of . Most analysts recommend the Canoo Inc - Ordinary Shares - Class A stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 0.89 3.25
265.48%
EBITDA Margin -28,537.08% -5,507.04%
80.70%
Net Margin -118,351.96% -5,991.61%
94.94%

4 Analysts have issued a sales forecast Canoo Inc - Ordinary Shares - Class A 2024 . The average Canoo Inc - Ordinary Shares - Class A sales estimate is

$3.3m
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. This is
74.88% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$5.0m 168.82%
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, the lowest is
$2.4m 29.84%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $890k
2024
$3.3m 265.48%
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2025
$45.2m 1,289.98%
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2026
$467m 933.51%
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2027
$208m 55.55%
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2028
$428m 105.82%
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5 Analysts have issued an Canoo Inc - Ordinary Shares - Class A EBITDA forecast 2024. The average Canoo Inc - Ordinary Shares - Class A EBITDA estimate is

$-179m
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. This is
10.08% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$-156m 21.45%
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, the lowest is
$-252m 26.29%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $-254m 48.47%
2024
$-179m 29.47%
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2025
$-158m 11.61%
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2026
$-69.5m 56.11%
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2027
$-169m 142.59%
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2028
$-144m 14.37%
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EBITDA Margin

2023 -28,537.08%
2024
-5,507.04% 80.70%
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2025
-350.19% 93.64%
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2026
-14.87% 95.75%
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2027
-81.15% 445.73%
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2028
-33.76% 58.40%
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2 Canoo Inc - Ordinary Shares - Class A Analysts have issued a net profit forecast 2024. The average Canoo Inc - Ordinary Shares - Class A net profit estimate is

$-195m
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. This is
35.78% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$-181m 40.23%
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, the lowest is
$-208m 31.32%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $-1.1b 70.95%
2024
$-195m 81.50%
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2025
$-178m 8.50%
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Net Margin

2023 -118,351.96%
2024
-5,991.61% 94.94%
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2025
-394.41% 93.42%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ -241.59 -44.70
70.95% 81.50%
P/E negative
EV/Sales 31.18

2 Analysts have issued a Canoo Inc - Ordinary Shares - Class A forecast for earnings per share. The average Canoo Inc - Ordinary Shares - Class A <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$-44.70
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. This is
35.78% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$-41.60 40.23%
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, the lowest is
$-47.80 31.32%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $-241.59 70.95%
2024
$-44.70 81.50%
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2025
$-40.90 8.50%
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P/E ratio

Current -0.02 93.33%
2024
-0.03 50.00%
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2025
-0.04 33.33%
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Based on analysts' sales estimates for 2024, the Canoo Inc - Ordinary Shares - Class A stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

31.18
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and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 54.53 91.06%
2024
31.18 42.82%
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2025
2.24 92.81%
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2026
0.22 90.33%
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2027
0.49 125.02%
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2028
0.24 51.42%
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P/S ratio

Current 11.99 96.65%
2024
6.86 42.82%
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2025
0.49 92.81%
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2026
0.05 90.33%
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2027
0.11 125.16%
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2028
0.05 51.40%
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