CAN trades 197.6% below Wall Street's consensus target of $1.15.
Last 12 months price action with 12-month analyst target path
The base valuation assumes CAN achieves its forward estimates and maintains a stable P/E multiple of historical averagesx. This scenario reflects the blended consensus of 6 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 24, 2026, Canaan Inc. (CAN) has a Wall Street consensus price target of $1.15, based on estimates from 6 covering analysts. With the stock currently trading at $0.39, this represents a potential upside of +197.6%. The company has a market capitalization of $279M.
Analyst price targets range from a low of $1.00 to a high of $1.30, representing a 26% spread in expectations. The median target of $1.15 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 6 analysts rating the stock as a Buy or Strong Buy,0 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, CAN trades at a trailing P/E of -0.9x. Analysts expect EPS to grow +33.7% over the next year.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 MARAMarathon Digital Holdings, Inc. | $5.1B | $13.35 | $13.25 | -0.7% | Buy | — | 20 |
 RIOTRiot Platforms, Inc. | $9.3B | $24.69 | $31.64 | +28.1% | Buy | — | 19 |
 CLSKCleanSpark, Inc. | $3.7B | $14.46 | $22.00 | +52.1% | Buy | — | 11 |
 CIFRCipher Mining Inc. | $7.5B | $18.35 | $31.89 | +73.8% | Buy | — | 14 |
 BTBTBit Digital, Inc. | $620M | $1.77 | $3.50 | +97.7% | Buy | — | 2 |
 HUTHut 8 Corp. | $11.5B | $102.46 | $168.00 | +64.0% | Buy | — | 16 |
 BITFBitfarms Ltd. | $2.0B | $3.38 | $4.84 | +43.2% | Buy | — | 4 |
 IRENIREN Limited | $16.8B | $47.05 | $85.10 | +80.9% | Buy | — | 15 |
 CORZCore Scientific, Inc. | $5.8B | $18.10 | $34.73 | +91.9% | Buy | — | 22 |
 NVDANVIDIA Corporation | $5.5T | $225.66 | $345.21 | +53.0% | Buy | 24.4x | 79 |
Quick answers to the most common questions about buying CAN stock.
The consensus Wall Street price target for CAN is $1.15, representing 197.6% upside from the current price of $0.3864. With 6 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
CAN has a consensus rating of "Buy" based on 6 Wall Street analysts. The rating breakdown is predominantly bullish, with 6 Buy/Strong Buy ratings. The consensus 12-month price target of $1.15 implies 197.6% upside from current levels.
CAN's current price is $0.3864 with a consensus target of $1.15 (197.6% implied move). Analyst estimates suggest the stock is undervalued at current levels.
The most bullish Wall Street analyst has a price target of $1.3 for CAN, while the most conservative target is $1. The consensus of $1.15 represents the median expectation. These targets typically reflect 12-month expectations.
CAN is moderately covered, with 6 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 6 have Buy ratings, 0 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month CAN stock forecast based on 6 Wall Street analysts shows a consensus price target of $1.15, with estimates ranging from $1 (bear case) to $1.3 (bull case). The median consensus rating is "Buy".
Wall Street analysts are very optimistic on CAN, with a "Buy" consensus rating and $1.15 price target (197.6% upside). 6 of 6 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
CAN analyst price targets range from $1 to $1.3, a 26% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $1.15 consensus represents the middle ground.
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