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.
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 $1,109,745,543,831 in revenue, with the lowest revenue forecast at $1,109,745,543,831 and the highest revenue forecast at $1,109,745,543,831.
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 11.39%.
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 401.77% from the current CAN share price of $0.85.
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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