Canaan Inc. (CAN)
NASDAQ: CAN · Real-Time Price · USD
2.320
+0.010 (0.43%)
At close: Dec 20, 2024, 4:00 PM
2.330
+0.010 (0.43%)
After-hours: Dec 20, 2024, 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 3.00, with a low estimate of 2.00 and a high estimate of 4.00. The average target predicts an increase of 29.31% from the current stock price of 2.32.
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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 4 | 4 | 4 | 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 | 2 | 2 | 4 | 4 | 4 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Rosenblatt | Rosenblatt | Strong Buy Maintains $3 → $4 | Strong Buy | Maintains | $3 → $4 | +72.41% | Dec 6, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $3 | Strong Buy | Reiterates | $3 | +29.31% | Nov 21, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Initiates $2 | Strong Buy | Initiates | $2 | -13.79% | Sep 18, 2024 |
| Rosenblatt | Rosenblatt | Strong Buy Initiates $3 | Strong Buy | Initiates | $3 | +29.31% | Sep 11, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $3 | Strong Buy | Reiterates | $3 | +29.31% | Aug 16, 2024 |
Financial Forecast
Revenue This Year
263.30M
from 211.48M
Increased by 24.51%
Revenue Next Year
486.85M
from 263.30M
Increased by 84.90%
EPS This Year
-0.54
from -2.41
EPS Next Year
-0.04
from -0.54
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 274.1M | 637.1M | 678.3M |
| Avg | 263.3M | 486.9M | 652.5M |
| Low | 255.2M | 395.2M | 633.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 29.6% | 142.0% | 39.3% |
| Avg | 24.5% | 84.9% | 34.0% |
| Low | 20.7% | 50.1% | 30.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.05 | 0.14 | 0.28 |
| Avg | -0.54 | -0.04 | 0.27 |
| Low | -0.71 | -0.17 | 0.26 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
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.