On July 23, 2025, HC Wainwright & Co. announced the initiation of coverage on Cango (CANG, Financial) with a 'Buy' rating. The initiating analyst is Kevin Dede.
The firm has set a price target of $8.00 USD for CANG. This is the first coverage note by HC Wainwright & Co. on Cango, and therefore, there is no prior price target or previous rating to compare.
Cango (CANG, Financial) investors and potential investors should take note of this new analyst coverage, as it may impact market perceptions and valuations.