
Cango Inc/KY (CANG) Stock Forecast & Price Target
Cango Inc/KY (CANG) Analyst Ratings
Bulls say
Cango Inc has demonstrated substantial operational progress in its bitcoin mining business, with a notable increase in revenue from $139.8 million in 2Q25 to $224.6 million in 3Q25, marking a 61% growth. The company has achieved significant efficiency improvements, operating at 43.7 Eh/s, which reflects an 87% productivity rate as of the end of August, following enhancements in its mining fleet. Furthermore, Cango's strategic partnership with Bitmain and ongoing investments into upgrading its mining equipment have positioned it as one of the largest publicly traded miners, reinforcing a favorable outlook for future revenue growth, with updated estimates projecting $745.1 million in 2026.
Bears say
Cango Inc. is experiencing a negative outlook primarily due to a substantial reduction in revenue estimates, with projections for 2025 lowered to $631.4 million from $667.7 million and for 2026 cut to $690.4 million from $767.1 million, reflecting a more cautious stance on its operational improvements in bitcoin mining. The company's valuation appears weak as the revised target implies a depressed multiple of 1.6x against the new $745 million FY26 revenue estimate, significantly trailing behind its competitors. Additionally, declining bitcoin mining economics, illustrated by the all-in cost to mine exceeding the current spot price, along with regulatory vulnerabilities under HFCAA, further exacerbate the financial risks facing Cango's stock.
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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