
Cango Inc/KY (CANG) Stock Forecast & Price Target
Cango Inc/KY (CANG) Analyst Ratings
Bulls say
Cango Inc. has demonstrated a positive trajectory in its financial performance, evidenced by a significant 61% increase in revenue for 3Q25, reaching $224.6 million compared to $139.8 million in the prior quarter. The company's strategic relationship with Bitmain has facilitated its emergence as one of the largest publicly traded Bitcoin miners, with operational efficiency reported at 87% as of the end of August 2025. Furthermore, Cango's proactive investment in upgrading its mining fleet has led to enhanced efficiency, reflected in a decrease in cash mining costs to $81,072 per BTC, despite a slight rise in the all-in cost per bitcoin due to higher depreciation from new equipment.
Bears say
Cango Inc. faces a negative outlook primarily due to the significant downturn in the bitcoin mining sector, resulting in a drastic reduction of revenue estimates from $767.1 million to $690.4 million for FY26, reflecting an overall declining trend in mining profitability. The company's revenue multiples are alarmingly low, with recent targets suggesting a depressed 1.6x multiple on the revised $745 million FY26 revenue estimate, indicating underperformance compared to competitors. Additionally, the deteriorating mining economics, characterized by all-in costs exceeding the current spot price and hash prices hitting all-time lows, further complicate Cango's financial viability and strategic positioning within the digital asset space.
This aggregate rating is based on analysts' research of Cango Inc/KY and is not a guaranteed prediction by Public.com or investment advice.
Cango Inc/KY (CANG) Analyst Forecast & Price Prediction
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