Canaan Inc. (CAN)
NASDAQ: CAN · Real-Time Price · USD
0.8308
+0.0822 (10.98%)
At close: May 12, 2025, 4:00 PM
0.8399
+0.0091 (1.10%)
After-hours: May 12, 2025, 7:55 PM EDT
Canaan Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Canaan stock have an average target of 3.70, with a low estimate of 2.00 and a high estimate of 8.00. The average target predicts an increase of 345.35% from the current stock price of 0.83.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Canaan stock from 5 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 '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 4 | 4 | 5 |
| 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 | 3 | 3 | 3 | 4 | 4 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Benchmark | Benchmark | Strong Buy Initiates $3 | Strong Buy | Initiates | $3 | +261.10% | May 6, 2025 |
| Rosenblatt | Rosenblatt | Strong Buy Maintains $8 | Strong Buy | Maintains | $8 | +862.93% | Apr 11, 2025 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $3 | Strong Buy | Reiterates | $3 | +261.10% | Mar 27, 2025 |
| Rosenblatt | Rosenblatt | Strong Buy Maintains $8 | Strong Buy | Maintains | $8 | +862.93% | Mar 27, 2025 |
| Compass Point | Compass Point | Strong Buy Initiates $2.5 | Strong Buy | Initiates | $2.5 | +200.91% | Mar 18, 2025 |
Financial Forecast
Revenue This Year
719.05M
from 269.32M
Increased by 166.98%
Revenue Next Year
956.06M
from 719.05M
Increased by 32.96%
EPS This Year
0.27
from -0.92
EPS Next Year
0.59
from 0.27
Increased by 119.70%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 |
|---|---|---|
| High | 1.0B | 1.4B |
| Avg | 719.1M | 956.1M |
| Low | 458.6M | 633.1M |
Revenue Growth
| Revenue Growth | 2025 | 2026 |
|---|---|---|
| High | 286.2% | 97.2% |
| Avg | 167.0% | 33.0% |
| Low | 70.3% | -12.0% |
EPS Forecast
| EPS | 2025 | 2026 |
|---|---|---|
| High | 1.30 | 1.32 |
| Avg | 0.27 | 0.59 |
| Low | -0.08 | 0.18 |
EPS Growth
| EPS Growth | 2025 | 2026 |
|---|---|---|
| High | - | 396.2% |
| Avg | - | 119.7% |
| Low | - | -33.8% |
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.