
Cango Inc/KY (CANG) Stock Forecast & Price Target
Cango Inc/KY (CANG) Analyst Ratings
Bulls say
Cango Inc. reported a substantial revenue increase to $224.6 million in 3Q25, reflecting a 61% growth compared to $139.8 million in the previous quarter, driven largely by efficiency improvements in its bitcoin mining operations. The company's operational hash rate also shows significant enhancement, with a deployed hash rate of 50 Eh/s and an efficiency rate of 87%, which was an improvement from 40.9 Eh/s in late July. Additionally, Cango's strategic investments in upgrading its mining fleet, including replacing underperforming units, indicate a commitment to operational excellence and continued financial growth in the bitcoin mining sector.
Bears say
Cango Inc faces a negative outlook primarily due to a significant reduction in revenue estimates, with projections for FY26 lowered to $690.4 million from $767.1 million, indicating a decline in anticipated performance. The bitcoin mining segment, which constitutes the majority of the company's revenue, is increasingly challenged by deteriorating mining economics, as all-in costs now exceed current spot prices amid declining hash rates. Additionally, the stock valuation reflects a lack of competitiveness, evident in a new target implying a depressed 1.6x multiple on revenue estimates, well below industry peers and exacerbated by regulatory and operational uncertainties.
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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