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NYSE: CAJ
Canon Inc Stock Forecast, Predictions & Price Target

Analyst price target for CAJ

Based on 1 analyst offering 12 month price targets for Canon Inc.
Min Forecast
$26.90+21.06%
Avg Forecast
$26.90+21.06%
Max Forecast
$26.90+21.06%

Should I buy or sell CAJ stock?

Based on 3 analysts offering ratings for Canon Inc.
Buy
Strong Buy
1 analysts 33.33%
Buy
0 analysts 0%
Hold
2 analysts 66.67%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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Forecast return on equity

Is CAJ forecast to generate an efficient return?
Company
9.59%
Industry
-54.18%
Market
47.94%
CAJ's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is CAJ forecast to generate an efficient return on assets?
Company
5.86%
Industry
11.85%
CAJ is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

CAJ earnings per share forecast

What is CAJ's earnings per share in the next 2 years based on estimates from 3 analysts?
Avg 1 year Forecast
$2.14
Avg 2 year Forecast
$2.19

CAJ revenue forecast

What is CAJ's revenue in the next 2 years based on estimates from 2 analysts?
Avg 1 year Forecast
$30.9B+2.29%
Avg 2 year Forecast
$31.1B+3.01%
CAJ's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

CAJ revenue growth forecast

How is CAJ forecast to perform vs Computer Hardware companies and vs the US market?
Company
-0.01%
Industry
9.3%
Market
70.6%
CAJ's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
CAJ's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

CAJ vs Computer Hardware Stocks

TickerPricePrice TargetUp/downsideConsensus
CAJ$22.22$26.90+21.06%Buy
HPQ$30.51$29.77-2.43%Sell
DELL$42.24$50.64+19.89%Buy
STX$70.89$72.10+1.70%Buy
NTAP$67.62$78.17+15.60%Hold

Canon Stock Forecast FAQ

Is Canon Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 3 Wall Street analysts covering (NYSE: CAJ) stock is to Buy CAJ stock.

Out of 3 analysts, 1 (33.33%) are recommending CAJ as a Strong Buy, 0 (0%) are recommending CAJ as a Buy, 2 (66.67%) are recommending CAJ as a Hold, 0 (0%) are recommending CAJ as a Sell, and 0 (0%) are recommending CAJ as a Strong Sell.

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

What is CAJ's earnings growth forecast for 2023-2024?

(NYSE: CAJ) Canon's forecast annual earnings growth rate of N/A is not forecast to beat the US Computer Hardware industry's average forecast earnings growth rate of 40.85%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 85.06%.

Canon's earnings in 2023 is $1,870,866,564.On average, 3 Wall Street analysts forecast CAJ's earnings for 2023 to be $2,237,951,564, with the lowest CAJ earnings forecast at $2,154,289,824, and the highest CAJ earnings forecast at $2,394,817,328.

In 2024, CAJ is forecast to generate $2,290,240,152 in earnings, with the lowest earnings forecast at $2,196,120,694 and the highest earnings forecast at $2,394,817,328.

What is CAJ's revenue growth forecast for 2023-2024?

(NYSE: CAJ) Canon's forecast annual revenue growth rate of -0.01% is not forecast to beat the US Computer Hardware industry's average forecast revenue growth rate of 9.3%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 70.6%.

Canon's revenue in 2023 is $30,915,751,533.On average, 2 Wall Street analysts forecast CAJ's revenue for 2023 to be $32,328,569,849,022, with the lowest CAJ revenue forecast at $32,101,009,914,264, and the highest CAJ revenue forecast at $32,556,129,783,781.

In 2024, CAJ is forecast to generate $32,554,874,857,670 in revenue, with the lowest revenue forecast at $32,259,967,221,632 and the highest revenue forecast at $32,849,782,493,708.

What is CAJ's forecast return on assets (ROA) for 2023-2024?

(NYSE: CAJ) forecast ROA is 5.86%, which is lower than the forecast US Computer Hardware industry average of 11.85%.

What is CAJ's Price Target?

According to 1 Wall Street analyst that have issued a 1 year CAJ price target, the average CAJ price target is $26.90, with the highest CAJ stock price forecast at $26.90 and the lowest CAJ stock price forecast at $26.90.

The Wall Street analyst predicted that Canon's share price could reach $26.90 by Aug 13, 2023. The average Canon stock price prediction forecasts a potential upside of 21.06% from the current CAJ share price of $22.22.

What is CAJ's Earnings Per Share (EPS) forecast for 2023-2024?

(NYSE: CAJ) Canon's current Earnings Per Share (EPS) is N/A. On average, analysts forecast that CAJ's EPS will be $2.14 for 2023, with the lowest EPS forecast at $2.06, and the highest EPS forecast at $2.29. In 2024, CAJ's EPS is forecast to hit $2.19 (min: $2.10, max: $2.29).

What is CAJ's forecast return on equity (ROE) for 2023-2024?

(NYSE: CAJ) forecast ROE is 9.59%, which is considered weak.
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