Canoo Inc

NASDAQ:GOEVUnited States

Apr 17, 2024

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• DJ Investors Have Lost Sight of Canoo's Market Opportunity, New Bull Says -- Market Talk, from 2:59PM ET on Wednesday Apr 17, 2024 by Dow Jones

  2:59PM ET on Wednesday Apr 17, 2024 by Dow Jones
  Companies Mentioned: GOEV
  
  1459 ET - Canoo's market opportunity and the potential of its platform are underappreciated by the Street, according to Benchmark analysts. Michael Legg and Mickey Legg say in a research note that the company faces limited competition from larger manufacturers in the light-duty EV space. The company's has guided for $50 million to $100 million in revenue in 2024, but the analysts are modeling a ramp to $260 million in 2025. They say there's a multi-billion dollar revenue opportunity by 2030. They also see positives in the company's proven track record of securing cash to fund its growth. They initiate the stock with a buy rating and a $5 price target. Shares rise 1.1% to $2.96. (ben.glickman@wsj.com; @benglickman)
  

• --Benchmark Starts Canoo With Buy Rating, $5 Price Target, from 7:49AM ET on Wednesday Apr 17, 2024 by MT Newswires

  7:49AM ET on Wednesday Apr 17, 2024 by MT Newswires
  Companies Mentioned: GOEV
  07:49 AM EDT, 04/17/2024 (MT Newswires) -- (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contac...

• DJ Canoo Initiated at Buy by Benchmark, from 7:11AM ET on Wednesday Apr 17, 2024 by Dow Jones

  7:11AM ET on Wednesday Apr 17, 2024 by Dow Jones
  Companies Mentioned: GOEV
  
  Ratings actions from Benzinga: https://www.benzinga.com/quote/GOEV/analyst-ratings
  
  (END) Dow Jones Newswires
  
  April 17, 2024 07:11 ET (11:11 GMT)