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Canaan - CAN Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $4.25
  • Forecasted Upside: 361.96%
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$0.92 As of 04/18/2024 06:32 PM ET
▼ -0.19 (-17.12%)

This chart shows the closing price for CAN by one month, three months, or twelve months.

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Analyst Price Target for CAN

Analyst Price Target is $4.25
▲ +361.96% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Canaan in the last 3 months. The average price target is $4.25, with a high forecast of $5.50 and a low forecast of $3.00. The average price target represents a 361.96% upside from the last price of $0.92.

This chart shows the closing price for CAN for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 2 investment analysts is to buy stock in Canaan. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/26/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/24/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
4/24/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
7/23/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/21/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/19/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/19/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
4/18/2024

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
11/29/2023BenchmarkReiterated RatingBuy ➝ Buy$5.50Low
11/29/2023HC WainwrightLower TargetBuy ➝ Buy$4.00 ➝ $3.00Low
8/30/2023HC WainwrightReiterated RatingBuy ➝ Buy$4.00Low
11/15/2022HC WainwrightLower TargetBuy$5.00 ➝ $4.00Low
7/6/2022HC WainwrightInitiated CoverageBuy$5.00N/A
6/7/2022BenchmarkInitiated CoverageBuy$9.00Medium
5/16/2022DA DavidsonLower Target$15.00 ➝ $10.00High
4/5/2022DA DavidsonInitiated CoverageBuy$15.00Medium
(Data available from 4/18/2019 forward)

News Sentiment Rating

0.12 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 5 very positive mentions
  • 21 positive mentions
  • 6 negative mentions
  • 1 very negative mentions
Mentions as of
9/21/2023
  • 4 very positive mentions
  • 11 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
10/21/2023
  • 2 very positive mentions
  • 14 positive mentions
  • 3 negative mentions
  • 1 very negative mentions
Mentions as of
11/20/2023
  • 4 very positive mentions
  • 23 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
Mentions as of
12/20/2023
  • 5 very positive mentions
  • 11 positive mentions
  • 2 negative mentions
  • 7 very negative mentions
Mentions as of
1/19/2024
  • 8 very positive mentions
  • 11 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
2/18/2024
  • 5 very positive mentions
  • 20 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
3/19/2024
  • 5 very positive mentions
  • 17 positive mentions
  • 5 negative mentions
  • 3 very negative mentions
Mentions as of
4/18/2024

Current Sentiment

  • 5 very positive mentions
  • 17 positive mentions
  • 5 negative mentions
  • 3 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Canaan logo
Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts. The company has operations in the United States, Australia, Kazakhstan, Hong Kong, Canada, Mainland China, Thailand, Sweden, and internationally. Canaan Inc. was founded in 2013 and is based in Singapore.
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Today's Range

Now: $0.92
Low: $0.89
High: $1.04

50 Day Range

MA: $1.56
Low: $1.10
High: $2.31

52 Week Range

Now: $0.92
Low: $0.89
High: $3.50

Volume

19,247,195 shs

Average Volume

17,641,266 shs

Market Capitalization

$214.82 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

3.01

Frequently Asked Questions

What sell-side analysts currently cover shares of Canaan?

The following equities research analysts have issued stock ratings on Canaan in the last twelve months: Benchmark Co., and HC Wainwright.
View the latest analyst ratings for CAN.

What is the current price target for Canaan?

2 Wall Street analysts have set twelve-month price targets for Canaan in the last year. Their average twelve-month price target is $4.25, suggesting a possible upside of 362.0%. Benchmark Co. has the highest price target set, predicting CAN will reach $5.50 in the next twelve months. HC Wainwright has the lowest price target set, forecasting a price of $3.00 for Canaan in the next year.
View the latest price targets for CAN.

What is the current consensus analyst rating for Canaan?

Canaan currently has 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe CAN will outperform the market and that investors should add to their positions of Canaan.
View the latest ratings for CAN.

What other companies compete with Canaan?

Other companies that are similar to Canaan include Arteris, Valens Semiconductor, WiSA Technologies, Transphorm and Magnachip Semiconductor. Learn More about companies similar to Canaan.

How do I contact Canaan's investor relations team?

Canaan's physical mailing address is 30/F DICARA SILVER TOWER 29 JIEFANG EAST ROAD JIANGGAN DISTRICT, HANGZHOU F4, 310016. The company's listed phone number is 86-010-6097-4080. The official website for Canaan is canaan-creative.com. Learn More about contacing Canaan investor relations.