
Canaan Inc. (CAN) Stock Forecast & Price Target
Canaan Inc. (CAN) Analyst Ratings
Bulls say
Canaan Inc has demonstrated a positive growth trajectory, with a 6.6% month-over-month increase in its Global Installed Power Capacity, indicating successful expansion efforts in the cryptocurrency sector. The company has diversified its revenue streams, with self-mining constituting approximately 25% of year-to-date revenue, representing a significant year-over-year increase of about 200% after roughly doubling its self-mining fleet. Additionally, Canaan has achieved strong average selling price (ASP) growth, reaching its highest levels since 2022, which has contributed to record product sales and reflects improved market dynamics within the Bitcoin mining industry.
Bears say
Canaan Inc faces significant challenges due to the declining market for Bitcoin mining, as global hash rate growth is expected to slow due to US miners shifting from Bitcoin mining to high-performance computing (HPC). Additionally, the company’s revenue estimates for 4Q25 have been revised down to the low end of management's guidance, driven by lower Bitcoin prices likely delaying new orders for the first half of 2026. Furthermore, the risk of falling behind in technological advancements and research and development could further erode Canaan's market share, negatively impacting future earnings and valuation.
This aggregate rating is based on analysts' research of Canaan Inc. and is not a guaranteed prediction by Public.com or investment advice.
Canaan Inc. (CAN) Analyst Forecast & Price Prediction
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