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CAN

Canaan Inc. (CAN) Stock Forecast & Price Target

Canaan Inc. (CAN) Analyst Ratings

Based on 5 analyst ratings
Strong Buy
Strong Buy 80%
Buy 0%
Hold 20%
Sell 0%
Strong Sell 0%

Bulls say

Canaan Inc. reported substantial growth in its financial performance, with product revenue reaching $413.8 million for the full year, reflecting an impressive year-over-year increase of 85.4%, including significant contributions from the Avalon Home Miner Series. The company's mining revenue surged to $113.2 million, marking a remarkable 157.2% increase year-over-year, further supported by a notable rise in total computing power sold, which reached 14.6 EH/s in the fourth quarter, up 60.9% year-over-year. Additionally, Canaan's strategic expansion into the Bitcoin mining sector and its collaboration with cryptocurrency mining farms positions the company for continued revenue growth as it capitalizes on the booming cryptocurrency market.

Bears say

Canaan Inc's revenue guidance for the first quarter of 2026 is significantly below market expectations, projected at $60M–$70M compared to consensus estimates of $152.5M, primarily due to ongoing industry challenges and a declining Bitcoin price. The company's reliance on sales of Bitcoin mining machines is further complicated by decreasing demand and pricing pressures, evidenced by only $16.6M in revenue during Q3F25, which constituted just 11% of total revenue. Additionally, there are concerns regarding the effectiveness of Canaan's R&D efforts; failure to innovate could result in a loss of market share, negatively impacting future earnings and overall financial performance.

Canaan Inc. (CAN) has been analyzed by 5 analysts, with a consensus rating of Strong Buy. 80% of analysts recommend a Strong Buy, 0% recommend Buy, 20% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Canaan Inc. and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Canaan Inc. (CAN) Forecast

Analysts have given Canaan Inc. (CAN) a Strong Buy based on their latest research and market trends.

According to 5 analysts, Canaan Inc. (CAN) has a Strong Buy consensus rating as of Apr 6, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $2.25, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $2.25, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Canaan Inc. (CAN)


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