Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final system products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. It is also involved in the assembly of system products; and supply chain and distribution of system products. The company has a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. The company was founded in 2013 and is based in Hangzhou, the People's Republic of China.
IPO Year: 2019
Exchange: NASDAQ
Website: canaan-creative.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/18/2025 | $1.50 | Market Perform | Northland Capital |
| 5/6/2025 | $3.00 | Buy | The Benchmark Company |
| 3/18/2025 | $2.50 | Buy | Compass Point |
| 9/18/2024 | $2.00 | Buy | B. Riley Securities |
| 9/11/2024 | $3.00 | Buy | Rosenblatt |
| 7/6/2022 | $5.00 | Buy | H.C. Wainwright |
| 6/8/2022 | $9.00 | Buy | The Benchmark Company |
| 4/5/2022 | $15.00 | Buy | DA Davidson |
Northland Capital initiated coverage of Canaan with a rating of Market Perform and set a new price target of $1.50
The Benchmark Company initiated coverage of Canaan with a rating of Buy and set a new price target of $3.00
Compass Point initiated coverage of Canaan with a rating of Buy and set a new price target of $2.50
B. Riley Securities initiated coverage of Canaan with a rating of Buy and set a new price target of $2.00
Rosenblatt initiated coverage of Canaan with a rating of Buy and set a new price target of $3.00
H.C. Wainwright initiated coverage of Canaan with a rating of Buy and set a new price target of $5.00
The Benchmark Company initiated coverage of Canaan with a rating of Buy and set a new price target of $9.00
DA Davidson initiated coverage of Canaan with a rating of Buy and set a new price target of $15.00