← ANALYST RATINGS · TIPRANKS
Canaan (CAN): analyst forecast and price target
Analyst consensus
Moderate Buy2 Buy0 Hold0 Sell
Ratings of 2 analysts in the last 3 months · top analysts only12-month forecast
Based on 2 price targets given in the last 3 months, the average target is $1.75, the highest $2.00, the lowest $1.50. The average is +657.6% from the last price of $0.23.
| Analyst | Firm | Price target | Rating | Upside | Action | Date | Move vs SPY | |
|---|---|---|---|---|---|---|---|---|
| Nick Giles★★★★★★★★★★#450 · hits 51% · avg +32.1% | B. Riley Securities | $2.00 → $1.50−25.0% | Buy | +549.4% | Reiterated | 01.10.26on TipRanks 14:06 | −1.6%next day +2.2% · 5 days −14.8% | ↗ |
| Gregory Lewis★★★★★★★★★★#224 · hits 56% · avg +26.0% | BTIG | $3.00 → $2.00−33.3% | Buy | +765.8% | Reiterated | 09.09.26on TipRanks 06:15 | −1.7%next day −1.9% · 5 days −2.7% | ↗ |
| Kevin Cassidy★★★★★★★★★★#50 · hits 60% · avg +37.9% | Rosenblatt Securities | $1.30 | Buy | +462.8% | Reiterated | 20.05.26on TipRanks May 21 03:25 | +3.5%next day −5.5% · 5 days −7.5% | ↗ |
| Kevin Dede★★★★★★★★★★#10617 · hits 33% · avg −1.0% | H.C. Wainwright | $1.50 | Buy | +549.4% | Reiterated | 24.02.26on TipRanks 06:15 | +15.1%next day +5.8% · 5 days −2.6% | ↗ |
| Mark Palmer★★★★★★★★★★#5611 · hits 40% · avg +1.4% | Benchmark Co. | $4.00 → $2.00−50.0% | Buy | +765.8% | Reiterated | 11.02.26on TipRanks 08:13 | −0.9%next day −9.2% · 5 days −16.6% | ↗ |
| AI Anthropic Computer HardwareAnthropic Opus-4.6 | TipRanks - Anthropic | $0.66 → $0.56−15.2% | Sell | +142.0% | Downgrade | 04.02.26on TipRanks 05:20 | — | |
| AI PerPlexity Computer HardwarePerPlexity SonarPro | TipRanks - PerPlexity | $0.66 → $0.56−15.1% | Sell | +140.7% | Downgrade | 04.02.26on TipRanks 05:15 | — | |
| AI DeepSeek Computer HardwareDeepSeek V3.2-Speciale | TipRanks - DeepSeek | $0.67 → $0.57−15.2% | Hold | +147.2% | Downgrade | 04.02.26on TipRanks 05:14 | — | |
| AI xAi Computer HardwarexAI Grok-4 | TipRanks - xAI | $0.70 → $0.59−15.1% | Hold | +156.3% | Reiterated | 04.02.26on TipRanks 05:14 | — | |
| AI Google Computer HardwareGemini 3.1Pro | TipRanks - Google | $0.76 → $0.65−15.1% | Hold | +179.7% | Upgrade | 04.02.26on TipRanks 05:14 | — | |
| AI OpenAI Computer HardwareOpenAI 5.2 | TipRanks - OpenAI | $0.69 → $0.58−15.1% | Hold | +152.4% | Downgrade | 04.02.26on TipRanks 05:14 | — | |
| Michael Grondahl★★★★★★★★★★#478 · hits 47% · avg +20.8% | Northland Securities | $1.75 | Hold | +657.6% | Reiterated | 15.01.26on TipRanks 09:45 | −6.6%next day −3.8% · 5 days −10.3% | ↗ |
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The latest rating of each analyst in the last 12 months, as TipRanks lists them. Every rating kept, earlier ones included
Best analysts covering Canaan
TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.
Most accurate
Most profitable
How the average price target moved
The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $1.75 at a price of $0.34 (+407.2%); now: $1.75 at $0.23 (+657.6%).
PriceAverage targetTop analysts’ target
Recommendation trend · top analysts
Strong BuyBuyHoldSell
| Rating | 05.26 | 06.26 | 07.26 | 08.26 | 09.26 | 10.26 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 2 | 1 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Earnings and sales forecast
Next report: 17.11.26 (Q3 2026, date not confirmed)
Earnings per share
Next quarter’s EPS estimate — $-0.13 (from $-0.40 to $-0.03). Last quarter: $-0.13.
Sales
Next quarter’s sales estimate — $14M (from $11M to $15M). Last quarter: $32M.
Best top-analyst consensus in the sector · Technology
About Canaan
- CEO: Nangeng Zhang
- Employees: 399
- 28 Ayer Rajah Crescent #06-08, Singapore, CE, 139959, SG
- www.canaan.io
Canaan Inc. operates as a holding company, primarily engaged in the design, production, and sale of Bitcoin mining hardware, in addition to supplying various associated services. A key focus for the company is the advancement and implementation of environmentally conscious mining practices. This firm was co-founded by Jia Xuan Li, Xiang Fu Liu, and Nan Geng Zhang on January 19, 2013, and its corporate headquarters are situated in Singapore.
Data from the stock’s TipRanks forecast page, read 17 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗