Why Canoo Stock Is Still Sinking
Pity investors in Canoo (NASDAQ: GOEV) stock -- they just can't seem to catch a break. Today, Canoo shares are down once more -- 3.4% through 1 p.m. ET -- despite the company just receiving a new buy rating from wealth management firm Alliance Global Partners. Alliance Global initiated coverage of Canoo this morning with a buy rating and a $1.55 price target that implies the analyst thinks Canoo stock will triple in value over the next 12 months.