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

Canaan (NASDAQ:CAN)‘s stock had its “buy” rating reiterated by investment analysts at BTIG Research in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $3.00 target price on the stock. BTIG Research’s price objective suggests a potential upside of 430.97% from the company’s previous close.

A number of other research analysts have also issued reports on the stock. HC Wainwright reiterated a “buy” rating on shares of Canaan in a report on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of Canaan in a report on Wednesday, January 21st. 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 report on Monday. Benchmark boosted their price target on shares of Canaan from $2.00 to $4.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Wall Street Zen cut shares of Canaan from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. Six research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $2.75.

Canaan Stock Performance

NASDAQ CAN opened at $0.57 on Wednesday. Canaan has a fifty-two week low of $0.50 and a fifty-two week high of $2.22. The stock has a market cap of $210.69 million, a PE ratio of -0.83 and a beta of 2.85. The firm’s fifty day moving average price is $0.77 and its two-hundred day moving average price is $0.92.

Canaan (NASDAQ:CAN) last issued its quarterly earnings data on Tuesday, February 10th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.07). Canaan had a negative return on equity of 71.85% and a negative net margin of 51.66%.The firm had revenue of $196.27 million for the quarter, compared to the consensus estimate of $25.30 million. As a group, sell-side analysts predict that Canaan will post -0.74 earnings per share for the current fiscal year.

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

Institutional Investors Weigh In On Canaan

Institutional investors have recently bought and sold shares of the stock. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Canaan during the second quarter worth $355,000. SBI Securities Co. Ltd. lifted its stake in shares of Canaan by 228.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 664,845 shares of the company’s stock valued at $586,000 after buying an additional 462,240 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Canaan by 52.0% in the first quarter. Goldman Sachs Group Inc. now owns 587,451 shares of the company’s stock worth $516,000 after acquiring an additional 200,869 shares during the period. Institutional investors own 70.14% of the company’s stock.

Trending Headlines about Canaan

Here are the key news stories impacting Canaan this week:

• Positive Sentiment: Reported a large revenue beat and strong operational metrics — Q4 revenue surged to US$196.3M (up 121% YoY), record quarterly computing power sold and a growing crypto treasury, which supports long‑term mining economics. Canaan Q4 / FY2025 Results
• Positive Sentiment: January mining update showed record crypto holdings (BTC and ETH) and >10 EH/s deployed hashrate, signaling operational execution in the company’s mining segment. January 2026 Mining Update
• Neutral Sentiment: Earnings call and transcript available — management discussed results, margins and strategy; useful for assessing whether management answers alleviate investor concerns. Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Multiple media summaries highlighted the revenue beat but also the deeper loss — coverage may amplify both the positive and the negative aspects depending on investor focus. Yahoo Finance Earnings Highlights
• Neutral Sentiment: Reported short‑interest data in feeds appears erroneous (shows 0 shares / NaN change); treat that item as unreliable and not a confirmed driver.
• Negative Sentiment: Management issued weak Q1 2026 revenue guidance of roughly $60–70M versus consensus ~ $166M — a large downward guide that likely caused the market to reprice near‑term expectations.
• Negative Sentiment: Q4 EPS missed expectations (reported ($0.13) vs. consensus ($0.06)), and profitability metrics remain negative (large net margin and ROE deficits), increasing concern about near‑term earnings power. MarketBeat EPS Summary
• Negative Sentiment: Rosenblatt cut its price target and issued a more pessimistic forecast, reducing market sentiment despite maintaining a “buy” rating; analyst downgrades or target cuts magnify selling pressure when guidance is weak. Rosenblatt Forecast

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.