Is Canoo (GOEV) a Buy as Wall Street Analysts Look Optimistic? [Yahoo! Finance]
Canoo Inc. - Class A (GOEV)
Company Research
Source: Yahoo! Finance
Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Let's take a look at what these Wall Street heavyweights have to say about Canoo Inc. (GOEV) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Canoo 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. An ABR of 1.57 approximates between Strong Buy and Buy. Of the seven recommendations that derive the current ABR, five are Strong Buy, representing 71.4% of all recommendations. Check price target & stock forecast for Canoo here While the ABR calls for buying Canoo, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage
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News
- Canoo Announces Adjournment of Annual Meeting [Yahoo! Finance]Yahoo! Finance
- Canoo Announces Adjournment of Annual MeetingGlobeNewswire
- Canoo Partners with Northside Truck & Van to Deliver its Initial Parts Network and Reliable Service, Maintenance, and Repair Services to Customers in the United Kingdom [Yahoo! Finance]Yahoo! Finance
- Canoo Partners with Northside Truck & Van to Deliver its Initial Parts Network and Reliable Service, Maintenance, and Repair Services to Customers in the United KingdomGlobeNewswire
- Canoo Inc. (NASDAQ: GOEV) had its price target lowered by analysts at HC Wainwright from $4.00 to $2.00. They now have a "buy" rating on the stock.MarketBeat
GOEV
Earnings
- 11/13/24 - Beat
GOEV
Sec Filings
- 11/22/24 - Form DEFA14A
- 11/21/24 - Form 3
- 11/21/24 - Form 3
- GOEV's page on the SEC website