Canaan Inc. (CAN)

Stock Price Forecast

The 6 analysts that cover Canaan stock have a consensus rating of "Strong Buy" and an average price target of $2.67, which forecasts a 349.04% increase in the stock price over the next year. The lowest target is $1.5 and the highest is $5.

Price Target: $2.67 (+349.04%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$1.50	$2.67	$2.50	$5.00
Change	+152.27%	+349.04%	+320.45%	+740.90%

Analyst Ratings

The average analyst rating for Canaan stock 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	Jan '25	Feb '25	Mar '25	Apr '25	May '25	Jun '25
Strong Buy	3	3	4	4	5	5
Buy	0	0	0	0	0	0
Hold	0	0	0	0	0	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	4	4	5	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Mike Grondahl Northland Capital Markets	Northland Capital Markets	Hold Initiates $1.5	Hold	Initiates	$1.5	+152.27%	Jun 18, 2025
Kevin Cassidy Rosenblatt	Rosenblatt	Strong Buy Maintains $5	Strong Buy	Maintains	$5	+740.90%	Jun 16, 2025
Kevin Cassidy Rosenblatt	Rosenblatt	Strong Buy Maintains $8 → $5	Strong Buy	Maintains	$8 → $5	+740.90%	May 21, 2025
Mark Palmer Benchmark	Benchmark	Strong Buy Maintains $3 → $2	Strong Buy	Maintains	$3 → $2	+236.36%	May 21, 2025
Kevin Cassidy Rosenblatt	Rosenblatt	Strong Buy Maintains $8	Strong Buy	Maintains	$8	+1,245.44%	May 15, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

700.99M

Increased by 160.28%

from 269.32M

Revenue Next Year

951.12M

Increased by 35.68%

from 700.99M

EPS This Year

-0.62

from -0.92

EPS Next Year

0.73

from -0.62

Fiscal Year	FY 2021	FY 2022	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Mar 3, 2022	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	772.76M	-	651.53M	211.48M	269.32M	700.99M	951.12M
Revenue Growth	1,026.92%	-	-	-67.54%	27.35%	160.28%	35.68%
EPS	1.80	-	0.41	-2.41	-0.92	-0.62	0.73
EPS Growth	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	0.81
No. Analysts	-	-	-	-	-	7	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026
High	1.0B	1.1B
Avg	701.0M	951.1M
Low	522.8M	865.7M

Revenue Growth

Revenue Growth	2025	2026
High	286.2%	49.8%
Avg	160.3%	35.7%
Low	94.1%	23.5%

EPS Forecast

EPS	2025	2026
High	1.30	1.32
Avg	-0.62	0.73
Low	-3.66	0.19

EPS Growth

EPS Growth	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.