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0 0.000381097560975568 -0.00914634146341468 -0.00438262195121945 -0.00438262195121945 -0.00200076219512194 -0.00438262195121945 -0.00438262195121945
Stock impact report

Canoo (GOEV) Is Considered a Good Investment by Brokers: Is That True? [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. Brokerage Recommendation Trends for GOEV 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 hav Show less Read more
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