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NASDAQ: CAN
Canaan Inc Stock Forecast, Predictions & Price Target

Analyst price target for CAN

Based on 2 analysts offering 12 month price targets for Canaan Inc.
Min Forecast
$3.00+71.43%
Avg Forecast
$4.25+142.86%
Max Forecast
$5.50+214.29%

Should I buy or sell CAN stock?

Based on 2 analysts offering ratings for Canaan Inc.
Strong Buy
Strong Buy
1 analysts 50%
Buy
1 analysts 50%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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CAN stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2023-11-29
lockedlocked$00.00+00.00%2023-11-29

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Forecast return on equity

Is CAN forecast to generate an efficient return?

Forecast return on assets

Is CAN forecast to generate an efficient return on assets?

CAN revenue forecast

What is CAN's revenue in the next 1 years based on estimates from 1 analyst?
Avg 1 year Forecast
$236.2M+11.69%

CAN vs Computer Hardware Stocks

TickerPricePrice TargetUp/downsideConsensus
CAN$1.75$4.25+142.86%Strong Buy
QBTS$1.88$3.00+59.57%Strong Buy
RGTI$1.83$3.00+63.93%Strong Buy
INVE$8.88N/AN/A
DM$0.58N/AN/A

Canaan Stock Forecast FAQ

Is Canaan Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 2 Wall Street analysts covering (NASDAQ: CAN) stock is to Strong Buy CAN stock.

Out of 2 analysts, 1 (50%) are recommending CAN as a Strong Buy, 1 (50%) are recommending CAN as a Buy, 0 (0%) are recommending CAN as a Hold, 0 (0%) are recommending CAN as a Sell, and 0 (0%) are recommending CAN as a Strong Sell.

If you're new to stock investing, here's how to buy Canaan stock.

What is CAN's revenue growth forecast for 2024-2024?

(NASDAQ: CAN) Canaan's forecast annual revenue growth rate of N/A is not forecast to beat the US Computer Hardware industry's average forecast revenue growth rate of N/A, and while it is not forecast to beat the US market's average forecast revenue growth rate of N/A.

Canaan's revenue in 2024 is $211,477,000.

In 2024, CAN is forecast to generate $830,236,699,837 in revenue, with the lowest revenue forecast at $830,236,699,837 and the highest revenue forecast at $830,236,699,837.

What is CAN's forecast return on assets (ROA) for 2024-2024?

(NASDAQ: CAN) forecast ROA is N/A, which is lower than the forecast US Computer Hardware industry average of 12.2%.

What is CAN's Price Target?

According to 2 Wall Street analysts that have issued a 1 year CAN price target, the average CAN price target is $4.25, with the highest CAN stock price forecast at $5.50 and the lowest CAN stock price forecast at $3.00.

On average, Wall Street analysts predict that Canaan's share price could reach $4.25 by Nov 29, 2024. The average Canaan stock price prediction forecasts a potential upside of 142.86% from the current CAN share price of $1.75.

What is CAN's forecast return on equity (ROE) for 2024-2024?

(NASDAQ: CAN) forecast ROE is N/A, which is considered weak.
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