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Canaan
CANNASDAQ
Canaan (NASDAQ:CAN) Stock, Analyst Ratings, Price Targets, Predictions
Canaan Inc has a consensus price target of $6.17, established from looking at the 9 latest analyst ratings. The last 3 analyst ratings were released from HC Wainwright & Co., Benchmark, and HC Wainwright & Co. on May 20, 2024, November 29, 2023, and November 29, 2023. With an average price target of $3.83 between HC Wainwright & Co., Benchmark, and HC Wainwright & Co., there's an implied 279.54% upside for Canaan Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
HC Wainwright & Co.
Benchmark
DA Davidson
1calculated from analyst ratings
Analyst Ratings for Canaan
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 05/20/2024 | Buy Now | 197.03% | HC Wainwright & Co. | Kevin Dede | → $3 | Reiterates | Buy → Buy | Get Alert |
| 11/29/2023 | Buy Now | 444.55% | Benchmark | Michael Legg | → $5.5 | Reiterates | Buy → Buy | Get Alert |
| 11/29/2023 | Buy Now | 197.03% | HC Wainwright & Co. | Kevin Dede | $4 → $3 | Maintains | Buy | Get Alert |
| 08/30/2023 | Buy Now | 296.04% | HC Wainwright & Co. | Kevin Dede | → $4 | Reiterates | Buy → Buy | Get Alert |
| 05/30/2023 | Buy Now | 296.04% | HC Wainwright & Co. | Kevin Dede | → $4 | Reiterates | Buy → Buy | Get Alert |
| 11/15/2022 | Buy Now | 296.04% | HC Wainwright & Co. | Kevin Dede | $5 → $4 | Maintains | Buy | Get Alert |
| 07/06/2022 | Buy Now | 395.05% | HC Wainwright & Co. | Kevin Dede | → $5 | Initiates | → Buy | Get Alert |
| 06/08/2022 | Buy Now | 791.09% | Benchmark | Michael Legg | → $9 | Initiates | → Buy | Get Alert |
| 05/16/2022 | Buy Now | 890.1% | DA Davidson | Hans Chung | $15 → $10 | Maintains | Buy | Get Alert |
FAQ
What is the target price for Canaan (CAN) stock?
The latest price target for Canaan (NASDAQ:CAN) was reported by HC Wainwright & Co. on May 20, 2024. The analyst firm set a price target for $3.00 expecting CAN to rise to within 12 months (a possible 197.03% 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 HC Wainwright & Co., 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 May 20, 2024 so you should expect the next rating to be made available sometime around May 20, 2025.
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 $3.00 to $3.00. The current price Canaan (CAN) is trading at is $1.01, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.