$0.945
-0.0464[-4.68%]
At close: Apr 25
$0.945
0[0.00%]
After Hours: 7:58PM EDT
Canaan Stock (NASDAQ:CAN), Analyst Ratings, Price Targets, Predictions
Canaan Inc has a consensus price target of $6.17, established from looking at the 8 latest analyst ratings. The last 3 analyst ratings were released from Benchmark, HC Wainwright & Co., and HC Wainwright & Co. on November 29, 2023, November 29, 2023, and August 30, 2023. With an average price target of $4.17 between Benchmark, HC Wainwright & Co., and HC Wainwright & Co., there's an implied 340.92% upside for Canaan Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Benchmark
HC Wainwright & Co.
DA Davidson
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Canaan
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 11/29/2023 | CAN | Buy Now | Canaan | $0.94 | 482.01% | Benchmark | Michael Legg | → $5.5 | Reiterates | Buy → Buy | Get Alert |
| 11/29/2023 | CAN | Buy Now | Canaan | $0.94 | 217.46% | HC Wainwright & Co. | Kevin Dede | $4 → $3 | Maintains | Buy | Get Alert |
| 08/30/2023 | CAN | Buy Now | Canaan | $0.94 | 323.28% | HC Wainwright & Co. | Kevin Dede | → $4 | Reiterates | Buy → Buy | Get Alert |
| 05/30/2023 | CAN | Buy Now | Canaan | $0.94 | 323.28% | HC Wainwright & Co. | Kevin Dede | → $4 | Reiterates | Buy → Buy | Get Alert |
| 11/15/2022 | CAN | Buy Now | Canaan | $0.94 | 323.28% | HC Wainwright & Co. | Kevin Dede | $5 → $4 | Maintains | Buy | Get Alert |
| 07/06/2022 | CAN | Buy Now | Canaan | $0.94 | 429.1% | HC Wainwright & Co. | Kevin Dede | → $5 | Initiates | → Buy | Get Alert |
| 06/08/2022 | CAN | Buy Now | Canaan | $0.94 | 852.38% | Benchmark | Michael Legg | → $9 | Initiates | → Buy | Get Alert |
| 05/16/2022 | CAN | Buy Now | Canaan | $0.94 | 958.2% | DA Davidson | Hans Chung | $15 → $10 | Maintains | Buy | Get Alert |
FAQ
What is the target price for Canaan (CAN)?
The latest price target for Canaan (NASDAQ: CAN) was reported by Benchmark on November 29, 2023. The analyst firm set a price target for $5.50 expecting CAN to rise to within 12 months (a possible 482.01% upside). 4 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Canaan (CAN)?
The latest analyst rating for Canaan (NASDAQ: CAN) was provided by Benchmark, and Canaan reiterated their buy rating.
When was the last upgrade for Canaan (CAN)?
There is no last upgrade for Canaan.
When was the last downgrade for Canaan (CAN)?
There is no last downgrade for Canaan.
When is the next analyst rating going to be posted or updated for Canaan (CAN)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Canaan, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Canaan was filed on November 29, 2023 so you should expect the next rating to be made available sometime around November 29, 2024.
Is the Analyst Rating Canaan (CAN) correct?
While ratings are subjective and will change, the latest Canaan (CAN) rating was a reiterated with a price target of $0.00 to $5.50. The current price Canaan (CAN) is trading at is $0.95, which is within the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.