| Date | Upside/Downside | Analyst Firm | Price Target Change | Rating Change | Previous / Current Rating |
|---|---|---|---|---|---|
| 11/15/2022 | 35.14% | HC Wainwright & Co. | $5 → $4 | Maintains | Buy |
| 07/06/2022 | 68.92% | HC Wainwright & Co. | → $5 | Initiates Coverage On | → Buy |
| 06/08/2022 | 204.05% | Benchmark | → $9 | Initiates Coverage On | → Buy |
| 05/16/2022 | 237.84% | DA Davidson | $15 → $10 | Maintains | Buy |
What is the target price for Canaan (CAN)?
The latest price target for Canaan (NASDAQ: CAN) was reported by HC Wainwright & Co. on November 15, 2022. The analyst firm set a price target for $4.00 expecting CAN to rise to within 12 months (a possible 35.14% upside). 4 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Canaan (CAN)?
The latest analyst rating for Canaan (NASDAQ: CAN) was provided by HC Wainwright & Co., and Canaan maintained their buy rating.
When is the next analyst rating going to be posted or updated for Canaan (CAN)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Canaan, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Canaan was filed on November 15, 2022 so you should expect the next rating to be made available sometime around November 15, 2023.
Is the Analyst Rating Canaan (CAN) correct?
While ratings are subjective and will change, the latest Canaan (CAN) rating was a maintained with a price target of $5.00 to $4.00. The current price Canaan (CAN) is trading at is $2.96, which is out of the analyst's predicted range.