Canaan Inc. (CAN)
NASDAQ: CAN · Real-Time Price · USD
1.670
+0.080 (5.03%)
At close: Nov 20, 2024, 4:00 PM
1.720
+0.050 (2.99%)
Pre-market: Nov 21, 2024, 5:42 AM EST
Canaan Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Canaan stock have an average target of 3.38, with a low estimate of 2.00 and a high estimate of 5.50. The average target predicts an increase of 102.40% from the current stock price of 1.67.
Analyst Consensus: Strong Buy
* Price targets were last updated on Sep 18, 2024.
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 4 | 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 | 2 | 2 | 2 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B. Riley Securities | B. Riley Securities | Strong Buy Initiates $2 | Strong Buy | Initiates | $2 | +19.76% | Sep 18, 2024 |
| Rosenblatt | Rosenblatt | Strong Buy Initiates $3 | Strong Buy | Initiates | $3 | +79.64% | Sep 11, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $3 | Strong Buy | Reiterates | $3 | +79.64% | Aug 16, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $3 | Strong Buy | Reiterates | $3 | +79.64% | May 20, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $5.5 | Strong Buy | Reiterates | $5.5 | +229.34% | Nov 29, 2023 |
Financial Forecast
Revenue This Year
261.43M
from 211.48M
Increased by 23.62%
Revenue Next Year
415.16M
from 261.43M
Increased by 58.80%
EPS This Year
-0.30
from -2.41
EPS Next Year
-0.11
from -0.30
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 279.1M | 476.7M | 676.2M |
| Avg | 261.4M | 415.2M | 650.4M |
| Low | 243.0M | 352.8M | 631.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 32.0% | 82.3% | 62.9% |
| Avg | 23.6% | 58.8% | 56.7% |
| Low | 14.9% | 35.0% | 52.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.04 | 0.01 | 0.08 |
| Avg | -0.30 | -0.11 | 0.08 |
| Low | -0.57 | -0.27 | 0.08 |
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.