Canaan Inc. (CAN)
NASDAQ: CAN · IEX Real-Time Price · USD
1.010
-0.020 (-1.94%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Canaan Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Canaan stock have an average target of 4.25, with a low estimate of 3.00 and a high estimate of 5.50. The average target predicts an increase of 320.79% from the current stock price of 1.01.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 20, 2024.
Analyst Ratings
The average analyst rating for Canaan stock from 2 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
---|---|---|---|---|---|---|
Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
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 | 2 | 2 | 2 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $3 | Strong Buy | Reiterates | $3 | +197.03% | May 20, 2024 |
Benchmark | Benchmark | Strong Buy Reiterates $5.5 | Strong Buy | Reiterates | $5.5 | +444.55% | Nov 29, 2023 |
HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $4 → $3 | Strong Buy | Maintains | $4 → $3 | +197.03% | Nov 29, 2023 |
HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $4 | Strong Buy | Reiterates | $4 | +296.04% | Aug 30, 2023 |
HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $4 | Strong Buy | Reiterates | $4 | +296.04% | May 30, 2023 |
Financial Forecast
Revenue This Year
227.25M
from 211.48M
Increased by 7.46%
Revenue Next Year
n/a
from 227.25M
EPS This Year
-0.06
from -2.41
EPS Next Year
n/a
from -0.06
Revenue Forecast
Revenue | 2024 |
---|---|
High | 236.3M |
Avg | 227.3M |
Low | 220.5M |
Revenue Growth
Revenue Growth | 2024 |
---|---|
High | 11.7% |
Avg | 7.5% |
Low | 4.3% |
EPS Forecast
EPS | 2024 |
---|---|
High | -0.06 |
Avg | -0.06 |
Low | -0.06 |
EPS Growth
EPS Growth | 2024 |
---|---|
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.