Benchmark Has Lowered Expectations for Canaan (NASDAQ:CAN) Stock Price

Canaan (NASDAQ:CAN) had its price objective decreased by investment analysts at Benchmark from $4.00 to $2.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s target price suggests a potential upside of 300.00% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Rosenblatt Securities dropped their price objective on shares of Canaan from $4.00 to $2.50 and set a “buy” rating for the company in a research note on Monday. HC Wainwright reissued a “buy” rating and issued a $1.50 target price on shares of Canaan in a research note on Wednesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Canaan in a research report on Wednesday, January 21st. B. Riley Financial dropped their target price on Canaan from $3.00 to $2.50 and set a “buy” rating for the company in a report on Friday, November 21st. Finally, BTIG Research reaffirmed a “buy” rating and issued a $3.00 price target on shares of Canaan in a research note on Wednesday. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $2.25.

Canaan Price Performance

Shares of CAN stock opened at $0.50 on Wednesday. Canaan has a 12 month low of $0.50 and a 12 month high of $2.22. The company has a market capitalization of $186.45 million, a P/E ratio of -1.04 and a beta of 2.85. The stock has a 50 day moving average of $0.75 and a two-hundred day moving average of $0.92. The company has a current ratio of 3.31, a quick ratio of 1.13 and a debt-to-equity ratio of 0.06.

Canaan (NASDAQ:CAN) last released its quarterly earnings data 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). The firm had revenue of $196.27 million for the quarter, compared to the consensus estimate of $25.30 million. Canaan had a negative net margin of 39.69% and a negative return on equity of 60.70%. As a group, equities analysts expect that Canaan will post -0.74 EPS for the current year.

Canaan declared that its board has initiated a share repurchase 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 a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Canaan

A number of large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. increased its holdings in Canaan by 155.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,698,885 shares of the company’s stock valued at $1,172,000 after purchasing an additional 1,034,040 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Canaan by 135.5% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,350,460 shares of the company’s stock worth $1,190,000 after purchasing an additional 777,019 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of 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 purchasing an additional 200,869 shares during the last quarter. 70.14% of the stock is currently owned by institutional investors.

Key Canaan News

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

Canaan Company Profile

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.