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 327.14% from the current stock price of 1.00.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$3.00	$4.25	$5.50	$5.50
Change	+201.51%	+327.14%	+452.76%	+452.76%

* Price targets were last updated on Nov 29, 2023.

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	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '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
Michael Legg Benchmark	Benchmark	Strong Buy Reiterates $5.5	Strong Buy	Reiterates	$5.5	+452.76%	Nov 29, 2023
Kevin Dede HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Maintains $4 → $3	Strong Buy	Maintains	$4 → $3	+201.51%	Nov 29, 2023
Kevin Dede HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $4	Strong Buy	Reiterates	$4	+302.01%	Aug 30, 2023
Kevin Dede HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $4	Strong Buy	Reiterates	$4	+302.01%	May 30, 2023
Kevin Dede HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Maintains $5 → $4	Strong Buy	Maintains	$5 → $4	+302.01%	Nov 15, 2022

More Analyst Ratings

Financial Forecast

Revenue This Year

257.06M

from 211.48M

21.55%

from 211.48M

Revenue Next Year

n/a

from 257.06M

EPS This Year

-1.54

from -2.41

EPS Next Year

n/a

from -1.54

Year	2019	2020	2021	2022	2023	2024
Revenue	206.28M	64.91M	772.76M	651.53M	211.48M	257.06M
Revenue Growth	-47.41%	-68.53%	1,090.43%	-15.69%	-67.54%	21.55%
EPS	-1.05	-0.20	1.80	0.41	-2.41	-1.54
EPS Growth	-	-	-	-77.44%	-	-
No. Analysts	-	-	-	-	-	3

Financial currency is CNY. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024
High	308.9M
Avg	257.1M
Low	210.5M

Revenue Growth

Revenue Growth	2024
High	46.1%
Avg	21.6%
Low	-0.4%

EPS Forecast

EPS	2024
High	-1.60
Avg	-1.54
Low	-1.49

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.