On May 15, 2025, Rosenblatt Securities analyst Kevin Cassidy maintained his 'Buy' rating on Canaan (CAN, Financial). The decision reflects ongoing confidence in the company's performance and future prospects.
The price target for Canaan (CAN, Financial) remains unchanged at USD 8.00. This maintains the analyst's previous expectation and indicates stability in the stock's evaluation.
Canaan (CAN, Financial) continues to trade on the NASDAQ, and the reiterated rating and price target suggest confidence from Rosenblatt in the company's trajectory without any significant changes in its stock valuation.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Canaan Inc (CAN, Financial) is $3.71 with a high estimate of $8.00 and a low estimate of $2.50. The average target implies an upside of 395.30% from the current price of $0.75. More detailed estimate data can be found on the Canaan Inc (CAN) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Canaan Inc's (CAN, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Canaan Inc (CAN, Financial) in one year is $0.66, suggesting a downside of 11.85% from the current price of $0.7487. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Canaan Inc (CAN) Summary page.
