Rosenblatt Securities Issues Pessimistic Forecast for Canaan (NASDAQ:CAN) Stock Price

Canaan (NASDAQ:CAN) had its price target dropped by Rosenblatt Securities from $4.00 to $2.50 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Rosenblatt Securities’ target price indicates a potential upside of 342.48% from the company’s current price.

Several other analysts also recently weighed in on the stock. BTIG Research reissued a “buy” rating on shares of Canaan in a research report on Friday, January 16th. Wall Street Zen lowered shares of Canaan from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Benchmark raised their target price on Canaan from $2.00 to $4.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. B. Riley Financial lowered their price target on Canaan from $3.00 to $2.50 and set a “buy” rating for the company in a research report on Friday, November 21st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Canaan in a report on Wednesday, January 21st. Six research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2.75.

Canaan Price Performance

Shares of NASDAQ:CAN opened at $0.57 on Monday. The business’s 50-day moving average is $0.77 and its 200 day moving average is $0.92. Canaan has a 1 year low of $0.50 and a 1 year high of $2.22. The firm has a market capitalization of $210.69 million, a P/E ratio of -0.83 and a beta of 2.85.

Canaan (NASDAQ:CAN) last issued its quarterly earnings results 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 return on equity of 71.85% and a negative net margin of 51.66%.The business had revenue of $196.27 million during the quarter, compared to analyst estimates of $25.30 million. On average, analysts expect that Canaan will post -0.74 EPS for the current year.

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

Hedge Funds Weigh In On Canaan

Institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. boosted its stake in shares of Canaan by 32.1% in the second quarter. SBI Securities Co. Ltd. now owns 202,605 shares of the company’s stock worth $125,000 after buying an additional 49,206 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Canaan in the second quarter valued at approximately $355,000. Finally, Goldman Sachs Group Inc. boosted its position in Canaan by 52.0% in 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 in the last quarter. Hedge funds and other 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: Q4 revenue surge — Canaan reported total Q4 revenue of US$196.3M, up 121% year‑over‑year and well above Street expectations, driven by strong product and mining-related sales. PR Newswire: Q4 and FY2025 Results
• Positive Sentiment: Operational strength in mining — Canaan reported record crypto treasury and mining scale (BTC/ETH holdings and >10 EH/s deployed hashrate, plus record computing power sold), supporting long‑term asset value and mining revenue potential. PR Newswire: January 2026 Mining Update
• Neutral Sentiment: Earnings call / transcripts available — Management held the Q4 earnings call; transcripts and highlights are posted (useful for details on revenue mix, inventory and mining strategy). These provide color but didn’t change the underlying numbers. Seeking Alpha: Q4 2025 Call Transcript
• Neutral Sentiment: Short interest data appears unreliable — recent short‑interest reporting shows zero shares and NaN changes, indicating stale or misreported data; no clear short squeeze or covering signal from reported figures.
• Negative Sentiment: EPS miss and widening loss — Canaan reported Q4 EPS of ($0.13) vs. consensus ($0.06), and posted negative net margin and ROE metrics, signaling profitability pressures despite revenue growth. MarketBeat: Q4 Results Summary
• Negative Sentiment: Very weak Q1 guidance — management issued Q1 2026 revenue guidance roughly $60–70M versus consensus near $166.5M, a large downward guide that likely drove intra‑day selling as it implies sequential slowdown. PR Newswire: Q4 Results (guidance)
• Negative Sentiment: Analyst target cut — Rosenblatt lowered its price target (from $4.00 to $2.50) recently; they remain a “buy,” but the cut reduces near‑term implied upside and could weigh on sentiment. TickerReport / Benzinga

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.