Canaan Inc. (CAN)
NASDAQ: CAN · Real-Time Price · USD
1.670
-0.120 (-6.70%)
At close: Feb 21, 2025, 4:00 PM
1.665
-0.005 (-0.30%)
After-hours: Feb 21, 2025, 7:59 PM EST
Canaan Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Canaan stock have an average target of 4.33, with a low estimate of 2.00 and a high estimate of 8.00. The average target predicts an increase of 159.28% from the current stock price of 1.67.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Canaan stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 | Feb '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 3 | 3 | 3 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Rosenblatt | Rosenblatt | Strong Buy Maintains $8 | Strong Buy | Maintains | $8 | +379.04% | Feb 20, 2025 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $3 | Strong Buy | Reiterates | $3 | +79.64% | Jan 22, 2025 |
| Rosenblatt | Rosenblatt | Strong Buy Maintains $3 → $4 | Strong Buy | Maintains | $3 → $4 | +139.52% | Dec 6, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $3 | Strong Buy | Reiterates | $3 | +79.64% | Nov 21, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Initiates $2 | Strong Buy | Initiates | $2 | +19.76% | Sep 18, 2024 |
Financial Forecast
Revenue This Year
263.42M
from 211.48M
Increased by 24.56%
Revenue Next Year
530.80M
from 263.42M
Increased by 101.50%
EPS This Year
-0.47
from -2.41
EPS Next Year
0.05
from -0.47
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 274.4M | 643.3M | 767.4M |
| Avg | 263.4M | 530.8M | 695.3M |
| Low | 255.2M | 458.6M | 633.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 29.7% | 144.2% | 44.6% |
| Avg | 24.6% | 101.5% | 31.0% |
| Low | 20.7% | 74.1% | 19.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.05 | 0.26 | 0.64 |
| Avg | -0.47 | 0.05 | 0.44 |
| Low | -0.67 | -0.08 | 0.26 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | 1,089.1% |
| Avg | - | - | 725.1% |
| Low | - | - | 391.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.