During the last three months, 8 analysts shared their evaluations of Canaan , revealing diverse outlooks from bullish to bearish.

The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.

The 12-month price targets, analyzed by analysts, offer insights with an average target of $5.25, a high estimate of $8.00, and a low estimate of $2.00. Experiencing a 14.5% decline, the current average is now lower than the previous average price target of $6.14.

Understanding Analyst Ratings: A Comprehensive Breakdown

The standing of Canaan among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Canaan. This information provides a snapshot of how analysts perceive the current state of the company.

Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Canaan compared to the broader market.

Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Canaan's stock. This comparison reveals trends in analysts' expectations over time.

Capture valuable insights into Canaan's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on Canaan analyst ratings.

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Unveiling the Story Behind Canaan

Canaan Inc ( CAN ) is a developer of supercomputing chips and the manufacturer of digital blockchain computing equipment and the supplier of the overall scheme for computer software and hardware of digital blockchain. The revenues of the company are derived from the sales of Bitcoin mining machines and related parts and accessories. Geographically, the company derives its maximum revenue from United States.

Key Indicators: Canaan's Financial Health

Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.

Revenue Growth: Canaan's remarkable performance in 3M is evident. As of 31 March, 2025, the company achieved an impressive revenue growth rate of 135.89%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.

Net Margin: Canaan's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -104.42%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): Canaan's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -33.84%, the company may face hurdles in generating optimal returns for shareholders.

Return on Assets (ROA): Canaan's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -16.81%, the company may encounter challenges in delivering satisfactory returns from its assets.

Debt Management: Canaan's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.94, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.

What Are Analyst Ratings?

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

Which Stocks Are Analysts Recommending Now?

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This article was generated by Benzinga's automated content engine and reviewed by an editor.