Canaan (NASDAQ:CAN) Earns “Buy” Rating from BTIG Research

Canaan (NASDAQ:CAN)‘s stock had its “buy” rating reaffirmed by investment analysts at BTIG Research in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $3.00 target price on the stock.

A number of other equities analysts have also recently commented on CAN. B. Riley Financial cut their target price on shares of Canaan from $3.00 to $2.50 and set a “buy” rating on the stock in a report on Friday, November 21st. Benchmark lifted their price objective on shares of Canaan from $2.00 to $4.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Rosenblatt Securities decreased their target price on shares of Canaan from $4.00 to $2.50 and set a “buy” rating for the company in a research note on Monday. Wall Street Zen cut Canaan from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Canaan in a research note on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Canaan has a consensus rating of “Moderate Buy” and an average target price of $2.25.

Canaan Stock Down 10.7%

CAN opened at $0.50 on Wednesday. Canaan has a one year low of $0.50 and a one year high of $2.22. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.13 and a current ratio of 3.31. The stock has a market capitalization of $186.45 million, a P/E ratio of -1.04 and a beta of 2.85. The business’s 50-day simple moving average is $0.75 and its 200-day simple moving average is $0.92.

Canaan (NASDAQ:CAN) last released its quarterly earnings results on Tuesday, February 10th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.07). Canaan had a negative return on equity of 60.70% and a negative net margin of 39.69%.The firm had revenue of $196.27 million for the quarter, compared to analysts’ expectations of $25.30 million. Analysts anticipate that Canaan will post -0.74 EPS for the current year.

Canaan announced that its Board of Directors has authorized a stock buyback plan on Wednesday, December 17th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Canaan

Institutional investors and hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. boosted its position in shares of Canaan by 32.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 202,605 shares of the company’s stock valued at $125,000 after purchasing an additional 49,206 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Canaan during the second quarter valued at approximately $355,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Canaan by 52.0% during the first quarter. Goldman Sachs Group Inc. now owns 587,451 shares of the company’s stock worth $516,000 after buying an additional 200,869 shares in the last quarter. 70.14% of the stock is owned by institutional investors and hedge funds.

Canaan News Summary

Here are the key news stories impacting Canaan this week:

• Positive Sentiment: Q4 results showed revenue roughly doubled on record ASIC miner sales, signaling strong top-line recovery after a weak crypto-equipment cycle. Canaan Q4 earnings: CAN revenue doubles on record ASIC miner sales
• Positive Sentiment: BTIG reaffirmed a “buy” rating with a $3.00 price target, signaling some analysts see material upside from current levels. BTIG reaffirmed buy / $3 PT
• Neutral Sentiment: Canaan signaled a Q1 2026 revenue target of $60M–$70M and highlighted a strategic shift toward power infrastructure and disciplined expansion — a potentially positive pivot but one that raises execution and timing questions. Canaan signals $60M–$70M Q1 2026 revenue target amid strategic shift to power infrastructure and disciplined expansion
• Neutral Sentiment: Reported short-interest figures in the latest feeds show 0 shares and NaN changes — this appears to be a data error and provides no clear signal about short selling activity. (Watch for corrected data from exchanges.)
• Negative Sentiment: Despite the strong quarter, headlines noted a sharp intraday drop (reported as a ~7% move in some outlets), indicating investor skepticism about sustainability or profit-taking after the beat. Canaan (CAN) Stock Crashes 7% Despite Best Quarter in Three Years
• Negative Sentiment: Benchmark cut its price target from $4.00 to $2.00 (though it retained a “buy” rating), reducing analyst upside and likely weighing on sentiment. Benchmark lowers price target
• Negative Sentiment: Rosenblatt published a pessimistic forecast on CAN, adding downward analyst pressure and contributing to negative sentiment. Rosenblatt Securities Issues Pessimistic Forecast for Canaan (NASDAQ:CAN) Stock Price

About Canaan

Canaan Inc is a China-based technology company specializing in the design and manufacture of high-performance computing hardware for the digital currency and blockchain industry. The company’s core business revolves around application-specific integrated circuit (ASIC) miners, which are purpose-built machines optimized for cryptocurrency mining. By focusing on energy efficiency and processing power, Canaan’s mining rigs aim to deliver competitive hash rates while managing power consumption in large-scale operations.

The flagship product line, known as AvalonMiner, encompasses a range of models tailored to different scales of mining activity, from small-scale hobbyist setups to industrial farms.