5 Most Undervalued EV Stocks To Buy According To Analysts

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1. Canoo Inc. (NASDAQ:GOEV)

Number of Q4 2023 Hedge Fund Shareholders: 7

Average Share Price Upside: 1,715%

Average Share Price Target: $1.88

Canoo Inc. (NASDAQ:GOEV) is an American electric vehicle company making vans and other large vehicles. It’s one of the few EV stocks to have a close partnership with NASA, and on this front, a former NASA official joined its board in February.

Seven out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database had bought and owned the firm’s shares. D. E. Shaw’s D E Shaw owned the biggest stake in Canoo Inc. (NASDAQ:GOEV) which was worth $233 million.

Follow Canoo Inc.

Disclosure: None. You can also take a look at 11 Best Small Cap Pharma Stocks to Invest In and Warren Buffett’s 35 Best Quotes About Business, Investing, and Life.

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