Canaan Inc. (CAN)
NASDAQ: CAN · Real-Time Price · USD
0.7925
+0.0516 (6.96%)
At close: Apr 23, 2025, 4:00 PM
0.7522
-0.0403 (-5.09%)
Pre-market: Apr 24, 2025, 4:54 AM EDT
Canaan Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Canaan stock have an average target of 3.88, with a low estimate of 2.00 and a high estimate of 8.00. The average target predicts an increase of 389.59% from the current stock price of 0.79.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Canaan stock from 4 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 | Nov '24 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 3 | 3 | 3 | 4 | 4 |
| 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 | 3 | 3 | 3 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Rosenblatt | Rosenblatt | Strong Buy Maintains $8 | Strong Buy | Maintains | $8 | +909.46% | Apr 11, 2025 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $3 | Strong Buy | Reiterates | $3 | +278.55% | Mar 27, 2025 |
| Rosenblatt | Rosenblatt | Strong Buy Maintains $8 | Strong Buy | Maintains | $8 | +909.46% | Mar 27, 2025 |
| Compass Point | Compass Point | Strong Buy Initiates $2.5 | Strong Buy | Initiates | $2.5 | +215.46% | Mar 18, 2025 |
| Rosenblatt | Rosenblatt | Strong Buy Maintains $8 | Strong Buy | Maintains | $8 | +909.46% | Mar 17, 2025 |
Financial Forecast
Revenue This Year
705.30M
from 269.32M
Increased by 161.88%
Revenue Next Year
956.06M
from 705.30M
Increased by 35.55%
EPS This Year
0.27
from -0.92
EPS Next Year
0.59
from 0.27
Increased by 119.70%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 |
|---|---|---|
| High | 1.0B | 1.4B |
| Avg | 705.3M | 956.1M |
| Low | 458.6M | 633.1M |
Revenue Growth
| Revenue Growth | 2025 | 2026 |
|---|---|---|
| High | 286.2% | 101.0% |
| Avg | 161.9% | 35.6% |
| Low | 70.3% | -10.2% |
EPS Forecast
| EPS | 2025 | 2026 |
|---|---|---|
| High | 1.30 | 1.32 |
| Avg | 0.27 | 0.59 |
| Low | -0.08 | 0.18 |
EPS Growth
| EPS Growth | 2025 | 2026 |
|---|---|---|
| High | - | 396.2% |
| Avg | - | 119.7% |
| Low | - | -33.8% |
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.