What is HC Wainwright’s Forecast for Canaan FY2026 Earnings?

Canaan Inc. Sponsored ADR (NASDAQ:CAN) – Equities research analysts at HC Wainwright issued their FY2026 EPS estimates for shares of Canaan in a report issued on Wednesday, February 11th. HC Wainwright analyst K. Dede forecasts that the company will post earnings of ($0.15) per share for the year. HC Wainwright has a “Buy” rating and a $1.50 price objective on the stock. The consensus estimate for Canaan’s current full-year earnings is ($0.74) per share.

A number of other equities analysts have also recently weighed in on the company. Benchmark decreased their price objective on Canaan from $4.00 to $2.00 and set a “buy” rating on the stock in a report on Wednesday. BTIG Research reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Canaan in a research note on Wednesday. Wall Street Zen downgraded shares of Canaan from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Canaan in a research report on Wednesday, January 21st. Finally, Rosenblatt Securities reduced their target price on Canaan from $4.00 to $2.50 and set a “buy” rating on the stock in a research note on Monday. 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2.25.

Canaan Trading Down 10.7%

NASDAQ CAN opened at $0.50 on Friday. The company has a quick ratio of 1.13, a current ratio of 3.31 and a debt-to-equity ratio of 0.06. The stock’s 50-day simple moving average is $0.75 and its two-hundred day simple moving average is $0.92. Canaan has a twelve month low of $0.50 and a twelve month high of $2.22. The company has a market capitalization of $186.45 million, a price-to-earnings ratio of -1.04 and a beta of 2.85.

Canaan (NASDAQ:CAN) last posted its quarterly earnings data on Tuesday, February 10th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.07). Canaan had a negative net margin of 39.69% and a negative return on equity of 60.70%. The company had revenue of $196.27 million for the quarter, compared to analysts’ expectations of $25.30 million.

Canaan announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 17th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Canaan

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. lifted its position in Canaan by 32.1% during the second quarter. SBI Securities Co. Ltd. now owns 202,605 shares of the company’s stock valued at $125,000 after acquiring an additional 49,206 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Canaan in the second quarter worth approximately $355,000. Finally, Goldman Sachs Group Inc. boosted its stake in Canaan by 52.0% during the 1st 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. Institutional investors own 70.14% of the company’s stock.

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

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.