What's going on with canoo stock?

The stock is down considerably off its highs, which has many stock market investors curious. Fool.com contributor and finance professor Parkev Tatevosian evaluates Canoo 's ( GOEV 0.35%) business prospects in the short and long term to provide insights into what's going on with Canoo stock.

What are canoo's goev share price targets?

2 analysts have issued twelve-month price objectives for Canoo's shares. Their GOEV share price targets range from $1.50 to $3.00. On average, they expect the company's stock price to reach $2.02 in the next twelve months. This suggests a possible upside of 662.4% from the stock's current price.

Why did canoo's stock rise 53% on July 12?

Canoo 's ( GOEV -0.66%) stock soared 53% on July 12 after the electric delivery vehicle maker announced a new deal with Walmart ( WMT -0.52%). Walmart agreed to buy 4,500 of Canoo's Lifestyle Delivery Vehicles (LDVs), which are scheduled to arrive next year, with an option to purchase a total of 10,000 vehicles.

Should you buy canoo Inc (goev) stock during the UAW strike?

Despite the near-term challenges stemming from the UAW strike and increasing operational costs, you can consider betting on these two domestic auto stocks - PCAR and GOEV. Find the latest Canoo Inc. (GOEV) stock quote, history, news and other vital information to help you with your stock trading and investing.