What's Going On With Canoo Stock?
Portfolio Pulse from Adam Eckert
Canoo Inc (NASDAQ:GOEV) shares are trading higher on above-average volume, likely due to the company's participation in the Sidoti Small Cap Conference. The stock is also trending on social media due to its high short interest. The consensus price target for Canoo is $5.96, with the most recent analyst update maintaining a Buy rating and a $5 price target.
June 13, 2024 | 4:50 pm
News sentiment analysis
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POSITIVE IMPACT
Canoo Inc shares are trading higher on above-average volume, likely due to the company's participation in the Sidoti Small Cap Conference and social media buzz about its high short interest. The consensus price target is $5.96, with a recent Buy rating and $5 price target.
The stock is reacting positively to the company's participation in the Sidoti Small Cap Conference and increased social media attention due to high short interest. The consensus price target and recent Buy rating also contribute to the positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100