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Canaan Inc. (CAN) Stock Forecast & Price Target

Canaan Inc. (CAN) Analyst Ratings

Based on 7 analyst ratings
Strong Buy
Strong Buy 86%
Buy 0%
Hold 14%
Sell 0%
Strong Sell 0%

Bulls say

Canaan Inc. has demonstrated significant revenue growth, achieving $150.5 million in Q3, reflecting a 50.2% year-over-year and 104.4% quarter-over-quarter increase, driven by robust demand for its mining equipment and a notable rise in mining revenue of 241% year-over-year. The company's product revenue saw an impressive annual growth of 83.6%, with the average selling price (ASP) of its products increasing to $11.8 per terahash, contributing to a gross margin expansion to 11% from 9.2%. Additionally, Canaan's Bitcoin holdings have solidified its financial position, reaching 1,610 BTC valued at approximately $189 million, showcasing an estimated fair value gain of $5.7 million, further enhancing the positive outlook for the company's financial health.

Bears say

Canaan Inc's outlook appears negative due to expected declines in revenue driven by slowing investments in research and development, which could hinder the company's ability to keep pace with technological advancements in the Bitcoin mining sector. The anticipated shift among U.S. miners from Bitcoin mining to high-performance computing (HPC) may lead to a slowdown in global hash rate growth over the next two years, negatively impacting the demand for Canaan's mining rigs. Additionally, increased competition and a potential inability to strategically deploy rigs for self-mining could result in reduced market share and pressure on average selling prices, further threatening future earnings.

Canaan Inc. (CAN) has been analyzed by 7 analysts, with a consensus rating of Strong Buy. 86% of analysts recommend a Strong Buy, 0% recommend Buy, 14% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Canaan Inc. and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Canaan Inc. (CAN) Forecast

Analysts have given Canaan Inc. (CAN) a Strong Buy based on their latest research and market trends.

According to 7 analysts, Canaan Inc. (CAN) has a Strong Buy consensus rating as of Dec 16, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $2.93, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $2.93, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Canaan Inc. (CAN)


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