On May 21, 2025, Rosenblatt Securities made significant adjustments to the stock outlook for Canaan (CAN, Financial). Despite maintaining a "Buy" rating, Rosenblatt analyst Kevin Cassidy has reduced the company's price target from $8.00 to $5.00 USD, marking a 37.5% decrease.
The decision to maintain the "Buy" rating suggests continued confidence in Canaan's (CAN, Financial) long-term potential, despite the adjusted price target. The revised target aligns with current market conditions and reflects recent performance observations.
Investors in Canaan (CAN, Financial) should note this updated forecast as they evaluate their portfolios and consider the implications of the revised target price on their investment strategies.
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 $3.04 with a high estimate of $5.00 and a low estimate of $2.00. The average target implies an upside of 324.78% from the current price of $0.72. 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 7.83% from the current price of $0.71605. 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.
