Canaan Stock Target Price and Analyst Consensus
| CAN Stock | USD 2.53 0.46 15.38% |
The current analyst and expert consensus on Canaan is Strong Buy, with 3 strong buy opinions. The current projected Canaan target price consensus is 4.98 with 4 analyst opinions. Check out Macroaxis Advice on Canaan to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. The most common way Canaan Inc analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Canaan executives and customers to further validate their buy or sell advice. Please note, the number of analysts providing the opinion is not sufficient to provide adequate consensus on Canaan. We encourage you to use your own analysis of Canaan Inc to validate this buy or sell advice. Canaan buy-or-sell recommendation module provides average expert sentiment on the projected Canaan Inc target price to derive its highest and lowest estimates based on projected price volatility of 9.722.
Lowest Forecast 4.53 | Highest Forecast 5.53 | Target Price 4.98 |
Canaan |
It's important to approach Canaan's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Canaan Target Price Consensus
Canaan target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Canaan's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 4 | Strong Buy |
Most Canaan analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Canaan stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Canaan Inc, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationCanaan Target Price Projection
Canaan's current and average target prices are 2.53 and 4.98, respectively. The current price of Canaan is the price at which Canaan Inc is currently trading. On the other hand, Canaan's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Target Price
Analyst Consensus On Canaan Target Price
Canaan Analyst Ratings
Canaan's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Canaan stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Canaan's financials, market performance, and future outlook by experienced professionals. Canaan's historical ratings below, therefore, can serve as a valuable tool for investors.Analyst Consensus Breakdown
Average Consensus Estimates
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize Canaan price targets
Canaan's stock target price is an estimate of its future price, usually made by analysts. Using Canaan's target price to determine if it is a suitable investment can be done through the following steps:- Look at Canaan's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Canaan's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional Canaan Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Canaan is a key component of Canaan valuation and have some predictive power on the future returns of a Canaan.Trending Themes
If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment. | Investor Favorites Invested over 40 shares | |
 | Dividend Beast Invested over 50 shares | |
 | Warren Buffett Holdings Invested few shares | |
 | Baby Boomer Prospects Invested over 40 shares | |
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 | FinTech Invested few shares | |
Check out Macroaxis Advice on Canaan to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.