15-min delayed · Jul 28, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 4 firms covering Canaan Inc, 4 rate it Buy or better, 0 sit at Hold, and 0 rate it Sell or worse, a strong buy consensus. Targets range widely, $1.30 to $3.00 (about 2.3x), a sign of real disagreement on valuation. The average target of $2.20 sits 822% above the current $0.24. The rating mix has held broadly steady over recent months. On the fundamentals, the Street sees consensus EPS building from about $-0.15 next quarter toward $-0.23 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS4 ratings
Strong Buy
Strong Buy00%
Buy4100%
Hold00%
Sell00%
Strong Sell00%
Based on 4 analysts giving stock ratings to Canaan Inc.
As of Jul, 4 of 4 firms rate CAN a Buy (0 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
CAN EPS & revenue forecast
EPS · NEXT QUARTER
$-0.15
Range $-0.31 – $-0.07 · 3 analysts · +9640% YoY
Next period, 3 analysts expect Canaan Inc to earn $-0.15 a share (range $-0.31 – $-0.07), versus $-0.00 a year earlier. Full-year consensus is $-0.77, growing to $-0.23 the year after.
REVENUE · NEXT QUARTER
$63.2M
Range $47.8M – $83.9M · 3 analysts · -58% YoY
Revenue is expected to reach $63.2M (range $47.8M – $83.9M), -58.0% year-over-year. Full-year consensus is $269.2M, rising to $638.5M next year.
Top analysts covering Canaan Inc
Ranked by each analyst's overall Quantellect track record across all the stocks they cover, shown with their current call on CAN.
#1
Mike Grondahl
Northland Capital Markets · Rank #123
Hold
$1.50+528.7% to target
Overall win rate
45%
+ Follow
#2
Kevin Cassidy
Rosenblatt · Rank #193
Buy
$1.30+444.8% to target
Overall win rate
36%
+ Follow
#3
Kevin Dede
HC Wainwright & Co. · Rank #250
Buy
$3.00+1157.3% to target
Overall win rate
27%
+ Follow
#4
Gregory Lewis
BTIG · Rank #251
Buy
$3.00+1157.3% to target
Overall win rate
40%
+ Follow
#5
Mark Palmer
Benchmark · Rank #307
Buy
$2.00+738.2% to target
Overall win rate
31%
+ Follow
CAN stock forecast FAQ
What is CAN's average 12-month price target?+
The 4 analysts with a live target average $2.20 for Canaan Inc over the next 12 months, ranging from a $3.00 high to a $1.30 low.
Is CAN stock a Buy, Sell or Hold right now?+
The current consensus is Strong Buy. Of the 4 analyst ratings, 4 are Buy or Strong Buy, 0 are Hold, and 0 are Sell or Strong Sell.
What are the highest and lowest price targets for CAN?+
The Street-high target is $3.00 (BTIG), and the Street-low is $1.30 (Rosenblatt). The average of all 4 active targets is $2.20.
How many Wall Street analysts cover CAN?+
4 analysts have an active rating on Canaan Inc, and 4 firms carry a live 12-month price target.
Who is the most accurate analyst covering CAN?+
Among analysts who currently cover CAN, Mike Grondahl of Northland Capital Markets has the strongest overall Quantellect track record (Rank #123). Their current call is Hold with a $1.50 target.
What is Canaan Inc's projected EPS for next quarter?+
The consensus estimate is $-0.15 per share (range $-0.31 – $-0.07) across 3 analysts. Full-year EPS is projected at $-0.77, rising to $-0.23 the following year.
How much revenue is Canaan Inc expected to report next quarter?+
Consensus revenue is $63.2M (range $47.8M – $83.9M). Full-year revenue is projected at $269.2M, growing to $638.5M next year.
Have analysts been upgrading or downgrading CAN lately?+
As of Jul, 4 of 4 firms rate CAN a Buy (0 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
How are the analysts on this page ranked?+
By each analyst's overall Quantellect track record — a sample-adjusted measure of how accurate their calls have been across every stock they cover. We do not rank on their CAN calls alone, since a single stock is too small a sample to be reliable.
Which data on this page is live, and how often does it update?+
Price and daily change are 15-minute delayed market data. Analyst ratings, targets, consensus and earnings estimates are aggregated from multiple data providers and refresh daily.
Disclaimer: Ratings, price targets, consensus and earnings estimates on this page describe third-party analyst research aggregated from multiple data providers and refreshed daily; price and daily change are 15-minute delayed. These are historical opinions, not recommendations, and nothing on this page, including The Quantellect read, is a rating, a price target, or investment advice from Quantellect. Always do your own research and consult a licensed financial advisor before making investment decisions.
