Canaan Inc. (CAN)
NASDAQ: CAN · IEX Real-Time Price · USD
1.050
-0.120 (-10.26%)
At close: May 17, 2024, 4:00 PM
1.060
+0.010 (0.95%)
Pre-market: May 20, 2024, 5:49 AM EDT

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 304.76% from the current stock price of 1.05.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $3.00 $4.25 $5.50 $5.50
Change +185.71% +304.76% +423.81% +423.81%
* 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 Dec '23Jan '24Feb '24Mar '24Apr '24May '24
Strong Buy 222222
Buy 000000
Hold 000000
Sell 000000
Strong Sell 000000
Total 222222

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Benchmark
Benchmark
Strong Buy
Reiterates
$5.5
Strong Buy Reiterates $5.5 +423.81% Nov 29, 2023
HC Wainwright & Co.
HC Wainwright & Co.
Strong Buy
Maintains
$4$3
Strong Buy Maintains $4$3 +185.71% Nov 29, 2023
HC Wainwright & Co.
HC Wainwright & Co.
Strong Buy
Reiterates
$4
Strong Buy Reiterates $4 +280.95% Aug 30, 2023
HC Wainwright & Co.
HC Wainwright & Co.
Strong Buy
Reiterates
$4
Strong Buy Reiterates $4 +280.95% May 30, 2023
HC Wainwright & Co.
HC Wainwright & Co.
Strong Buy
Maintains
$5$4
Strong Buy Maintains $5$4 +280.95% Nov 15, 2022
More Analyst Ratings

Financial Forecast

Revenue This Year
257.06M
from 211.48M
Increased by 21.55%
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 201920202021202220232024
Revenue
206.28M64.91M772.76M651.53M211.48M257.06M
Revenue Growth
-47.41%-68.53%1,090.43%-15.69%-67.54%21.55%
EPS
-1.05-0.201.800.41-2.41-1.54
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.