Top Wall Street Forecasters Revamp Canaan Expectations Ahead Of Q2 Earnings
Canaan Inc. (NASDAQ:CAN) will release its second quarter earnings report before the opening bell on Tuesday, Sept. 8.
Analysts expect the Singapore-based company to report a quarterly loss of 6 cents per share on revenue of $40.92 million, according to Benzinga Pro.
On May 19, Canaan reported mixed first-quarter financial results and issued second-quarter sales guidance below estimates.
Shares of Canaan jumped 27.9% to close at $0.39 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
- Rosenblatt analyst Kevin Cassidy maintained a Buy rating and cut the price target from $2.25 to $1.30 on May 20, 2026. This analyst has an accuracy rate of 83%.
- BTIG analyst Gregory Lewis maintained a Buy rating with a price target of $3 on May 19, 2026. This analyst has an accuracy rate of 74%.
- Benchmark analyst Mark Palmer maintained a Buy rating and cut the price target from $4 to $2 on Feb. 11, 2026. This analyst has an accuracy rate of 76%.
- B. Riley Securities analyst Nick Giles maintained a Buy rating and lowered the price target from $3 to $2.5 on Nov. 21, 2025. This analyst has an accuracy rate of 67%.
Considering buying CAN stock? Here’s what analysts think:
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