
Cango Inc/KY (CANG) Stock Forecast & Price Target
Cango Inc/KY (CANG) Analyst Ratings
Bulls say
Cango Inc. has demonstrated significant improvements in operational efficiency and revenue growth, reporting a 61% increase in revenue to $224.6 million for 3Q25 compared to $139.8 million in 2Q25, largely driven by advancements in its bitcoin mining operations. The company's relationship with Bitmain has enabled it to become one of the largest publicly traded miners, achieving an operating hash rate of 43.7 Eh/s at an impressive 87% efficiency by the end of August. Additionally, Cango's strategic investments in upgraded mining equipment have supported its performance while simultaneously reducing operational costs, reflecting a proactive approach to enhancing profitability in the highly competitive mining sector.
Bears say
Cango Inc.'s stock outlook is negatively impacted by a significant reduction in revenue estimates, with a downward adjustment of the FY26 forecast from $767.1 million to $690.4 million, highlighting concerns about the company's operational efficiency in bitcoin mining. The recent pullback in the bitcoin mining sector has resulted in a price target decrease from $8.00 to $3.00, reflecting a depressed revenue multiple of 1.6x, considerably lower than the 2.0x multiple previously applied and beneath competitors of similar scale. Additionally, the mining economics have deteriorated, with all-in costs surpassing current spot prices, as evidenced by a decline in hash prices to an all-time low, which raises concerns about Cango's sustainability in a challenging regulatory and market environment.
This aggregate rating is based on analysts' research of Cango Inc/KY and is not a guaranteed prediction by Public.com or investment advice.
Cango Inc/KY (CANG) Analyst Forecast & Price Prediction
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