Canaan (CAN)
(Delayed Data from NSDQ)
$0.92 USD
-0.02 (-1.71%)
Updated Sep 25, 2024 04:00 PM ET
After-Market: $0.93 +0.01 (0.87%) 7:58 PM ET
2-Buy of 5 2
F Value D Growth A Momentum F VGM
Canaan (CAN) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$3.38 | $5.50 | $2.00 | 259.57% |
Price Target
Based on short-term price targets offered by four analysts, the average price target for Canaan comes to $3.38. The forecasts range from a low of $2.00 to a high of $5.50. The average price target represents an increase of 259.57% from the last closing price of $0.94.
Analyst Price Targets (4 )
Broker Rating
Canaan currently has an average brokerage recommendation (ABR) of 1.40 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by five brokerage firms. The current ABR compares to an ABR of 1.67 a month ago based on three recommendations.
Of the five recommendations deriving the current ABR, four are Strong Buy, representing 80% of all recommendations. A month ago, Strong Buy represented 66.67%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 4 | 4 | 2 | 2 | 2 |
Buy | 0 | 0 | 0 | 0 | 0 |
Hold | 1 | 1 | 1 | 0 | 0 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 1.40 | 1.40 | 1.67 | 1.00 | 1.00 |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Analyst Upgrades/Downgrades
Date | Brokerage Firm | Analyst | Previous | Current |
---|---|---|---|---|
9/18/2024 | B. Riley Securities | Nick Giles | Strong Buy | Strong Buy |
9/11/2024 | Rosenblatt Securities | Kevin E Cassidy | Not Available | Strong Buy |
8/19/2024 | Nomura | Param Subramanian | Not Available | Hold |
5/20/2024 | H.C. Wainwright & Co. | Kevin Dede | Strong Buy | Strong Buy |
2/28/2024 | The Benchmark Company | Michael Legg | Strong Buy | Strong Buy |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Average Brokerage Rating
Current ABR | 1.40 |
ABR (Last week) | 1.40 |
# of Recs in ABR | 5 |
Average Target Price | $3.38 |
LT Growth Rate | NA |
Industry | Computer - Software |
Industry Rank by ABR | 91 of 253 |
Current Quarter EPS Est: | -0.15 |
CAN FAQs
Canaan Inc. Sponsored ADR (CAN) currently has an average brokerage recommendation (ABR) of 1.40 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 5 brokerage firms.
The average price target for Canaan Inc. Sponsored ADR (CAN) is $3.38. The current on short-term price targets is based on 2 reports.
The forecasts for Canaan Inc. Sponsored ADR (CAN) range from a low of $2 to a high of $5.5. The average price target represents a increase of $259.57 from the last closing price of $.94.
The current UPSIDE for Canaan Inc. Sponsored ADR (CAN) is 259.57%
Based on short-term price targets offered by four analysts, the average price target for Canaan comes to $3.38. The forecasts range from a low of $2.00 to a high of $5.50. The average price target represents an increase of 259.57% from the last closing price of $0.94.