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Canaan (CAN) stock consensus forecasts for the month and 2024 - 2028.

Last update: 11/21/2024, 12:50 AM

Brief information about Canaan Inc.

Ticker: CAN

Sector: Technology

Closing price of the last trading day: $1.67

Last trading day: 11/20/2024

Analyst forecast price: $4.58

52-week high/low: $3.98 / $1.13

Shares of Canaan Inc. are traded on the stock exchange under the ticker CAN and belong to the "Technology" sector. The head office is currently located at: ROOM 2101, 21ST FLOOR,BUILDING 1,YARD 1, NO. 81 BEIQING ROAD,, HAIDIAN DISTRICT, BEIJING,, CHINA. The market capitalization of Canaan is $307 883 000. At the same time, the number of shares in circulation is 171 046 000. The company's earnings before interest, taxes and depreciation for last year (called EBITDA) was -318 289 184$. The company has no profit and is unprofitable.

In addition to fundamental factors, stocks are influenced by many other factors. For example, it is worth monitoring all global forecasts for Canaan shares. Our service will help you with this, in which we collect all forecasts and build one consensus forecast from them.

Canaan stock forecast

For investing in Canaan stock, the investor is interested in the long-term outlook. We have collected for you all the forecasts of world analysts for the shares of this company and combined them into one consensus forecast for 2024, 2025, 2026, 2027, 2028?

After studying the forecasts, we can answer the questions:

How much will one share of Canaan cost in 2024, 2025, 2026, 2027, 2028?

What is the consensus analyst forecast for Canaan stock?

Should you buy Canaan stock short term or long term?

Should I sell Canaan shares in 2024 or wait?

Should I buy Canaan stock in 2024 or wait?

Where is the estimated entry/exit point in Canaan stock?

But remember, these forecasts are not investment ideas. You are fully responsible for the decisions you make.

How is a forecast made?

We collect public data about Canaan and analyst forecasts for Canaan stock. Next, the algorithms calculate a weighted average forecast, removing extreme values. As a result, at the output we get an updated forecast, as close as possible to reality.

Canaan daily forecast for a month

After collecting analysts' forecasts, we made one average daily forecast for Canaan shares for the next month. Short-term forecasts are characterized by rather low accuracy due to many factors influencing them. But let's see what we got.

Below on the page is a graph of the consensus forecast for Canaan stock for the next month. (30 days). The gray color on the chart shows the historical price of the stock. The turquoise color shows the price forecast with a possible range of fluctuations.

The maximum target price that Canaan shares will reach in the next 30 days is $2.71. This is the upper limit of the target price range. This represents upside potential of 62.24% from current levels.

In turn, the minimum value that the price can reach in 30 days is $1.67. This will be a good month for Canaan shares. Loss is not expected.

Thus, on the monthly timeframe, a channel is formed with a resistance level of $2.71 and a support level of $1.67. The width of this channel is $1.04. Accordingly, according to the theory of technical analysis, a downward breakdown of the channel will open the way to $1. If the resistance level is broken, then the road to $4 per share of Canaan will open.

What is the probability of exiting the channel up? Near the resistance level, the price of Canaan shares will be 6 days out of the entire period. Therefore, it is highly likely that Canaan shares will break through the resistance level in the next 30 days or in the next period. It is worth considering that if stocks break through the $2.71 resistance level and try to gain a foothold above it, then in the future they will most likely test this level from above and if the $2.71 mark holds, then this will be a new channel with new goals.

How about testing the strength of the support level? The price will stay near the support level for 4 days. There is a good chance that the stock will break through the $1.67 support level.

In addition, the real future price of one Canaan share can be both higher and lower than the target forecast price, but approximately in the range between the pessimistic and optimistic target price.

Forecast table for 30 days
Date	Target	Pes.	Opt.	Vol., %
Nov 23	1.74	1.67	1.78	6.64
Nov 24	1.80	1.73	1.85	6.98
Nov 25	1.76	1.70	1.85	8.62
Nov 26	1.81	1.70	1.87	9.57
Nov 27	1.89	1.79	1.98	10.63
Nov 28	1.98	1.94	2.02	4.28
Nov 29	2.01	1.95	2.08	6.42
Nov 30	1.95	1.91	2.04	6.72
Dec 01	1.93	1.90	2.01	5.77
Dec 02	1.82	1.79	1.91	6.27
Dec 03	1.85	1.75	1.95	11.78
Dec 04	1.84	1.81	1.88	3.55
Dec 05	1.95	1.90	2.06	8.42
Dec 06	2.04	1.95	2.07	5.92
Dec 07	2.13	2.06	2.18	5.73
Dec 08	2.15	2.07	2.23	7.54
Dec 09	2.24	2.17	2.28	5.44
Dec 10	2.22	2.09	2.25	7.56
Dec 11	2.23	2.18	2.27	3.86
Dec 12	2.19	2.07	2.26	8.97
Dec 13	2.26	2.22	2.32	4.87
Dec 14	2.34	2.29	2.42	5.57
Dec 15	2.48	2.41	2.58	7.07
Dec 16	2.55	2.42	2.61	8.06
Dec 17	2.52	2.45	2.66	8.50
Dec 18	2.54	2.46	2.66	8.31
Dec 19	2.60	2.54	2.67	5.17
Dec 20	2.59	2.54	2.71	6.65
Dec 21	2.56	2.45	2.70	10.33
Dec 22	2.59	2.51	2.70	7.66

Canaan Stock Forecast 23 Nov.

Presumably, on 11/23/2024, the price of shares will be in the range of $1.67 - $1.78. A $0.11 range width can provide 6.64% volatility. The weighted average price of this range is at $1.74, which is $0.00 higher than the previous day's weighted average price.

Canaan Stock Forecast 24 Nov.

Presumably, on 11/24/2024, the price of shares will be in the range of $1.73 - $1.85. A $0.12 range width can provide 6.98% volatility. The weighted average price of this range is at $1.80, which is $0.05 higher than the previous day's weighted average price.

Canaan Stock Forecast 25 Nov.

Presumably, on 11/25/2024, the price of shares will be in the range of $1.70 - $1.85. A $0.15 range width can provide 8.62% volatility. The weighted average price of this range is at $1.76, which is $0.04 lower than the previous day's weighted average price.

Canaan Stock Forecast 26 Nov.

Presumably, on 11/26/2024, the price of shares will be in the range of $1.70 - $1.87. A $0.16 range width can provide 9.57% volatility. The weighted average price of this range is at $1.81, which is $0.05 higher than the previous day's weighted average price.

Canaan Stock Forecast 27 Nov.

Presumably, on 11/27/2024, the price of shares will be in the range of $1.79 - $1.98. A $0.19 range width can provide 10.63% volatility. The weighted average price of this range is at $1.89, which is $0.08 higher than the previous day's weighted average price.

Canaan Stock Forecast 28 Nov.

Presumably, on 11/28/2024, the price of shares will be in the range of $1.94 - $2.02. A $0.08 range width can provide 4.28% volatility. The weighted average price of this range is at $1.98, which is $0.09 higher than the previous day's weighted average price.

Canaan Stock Forecast 29 Nov.

Presumably, on 11/29/2024, the price of shares will be in the range of $1.95 - $2.08. A $0.13 range width can provide 6.42% volatility. The weighted average price of this range is at $2.01, which is $0.03 higher than the previous day's weighted average price.

Canaan Stock Forecast 30 Nov.

Presumably, on 11/30/2024, the price of shares will be in the range of $1.91 - $2.04. A $0.13 range width can provide 6.72% volatility. The weighted average price of this range is at $1.95, which is $0.06 lower than the previous day's weighted average price.

Canaan Stock Forecast 02 Dec.

Presumably, on 12/02/2024, the price of shares will be in the range of $1.79 - $1.91. A $0.11 range width can provide 6.27% volatility. The weighted average price of this range is at $1.82, which is $0.10 lower than the previous day's weighted average price.

Canaan Stock Forecast 03 Dec.

Presumably, on 12/03/2024, the price of shares will be in the range of $1.75 - $1.95. A $0.21 range width can provide 11.78% volatility. The weighted average price of this range is at $1.85, which is $0.02 higher than the previous day's weighted average price.

Canaan Stock Forecast 04 Dec.

Presumably, on 12/04/2024, the price of shares will be in the range of $1.81 - $1.88. A $0.06 range width can provide 3.55% volatility. The weighted average price of this range is at $1.84, which is $0.01 lower than the previous day's weighted average price.

Canaan Stock Forecast 05 Dec.

Presumably, on 12/05/2024, the price of shares will be in the range of $1.90 - $2.06. A $0.16 range width can provide 8.42% volatility. The weighted average price of this range is at $1.95, which is $0.11 higher than the previous day's weighted average price.

Canaan Stock Forecast 06 Dec.

Presumably, on 12/06/2024, the price of shares will be in the range of $1.95 - $2.07. A $0.12 range width can provide 5.92% volatility. The weighted average price of this range is at $2.04, which is $0.08 higher than the previous day's weighted average price.

Canaan Stock Forecast 07 Dec.

Presumably, on 12/07/2024, the price of shares will be in the range of $2.06 - $2.18. A $0.12 range width can provide 5.73% volatility. The weighted average price of this range is at $2.13, which is $0.10 higher than the previous day's weighted average price.

Canaan Stock Forecast 08 Dec.

Presumably, on 12/08/2024, the price of shares will be in the range of $2.07 - $2.23. A $0.16 range width can provide 7.54% volatility. The weighted average price of this range is at $2.15, which is $0.01 higher than the previous day's weighted average price.

Canaan Stock Forecast 09 Dec.

Presumably, on 12/09/2024, the price of shares will be in the range of $2.17 - $2.28. A $0.12 range width can provide 5.44% volatility. The weighted average price of this range is at $2.24, which is $0.10 higher than the previous day's weighted average price.

Canaan Stock Forecast 10 Dec.

Presumably, on 12/10/2024, the price of shares will be in the range of $2.09 - $2.25. A $0.16 range width can provide 7.56% volatility. The weighted average price of this range is at $2.22, which is $0.03 lower than the previous day's weighted average price.

Canaan Stock Forecast 11 Dec.

Presumably, on 12/11/2024, the price of shares will be in the range of $2.18 - $2.27. A $0.08 range width can provide 3.86% volatility. The weighted average price of this range is at $2.23, which is $0.01 higher than the previous day's weighted average price.

Canaan Stock Forecast 12 Dec.

Presumably, on 12/12/2024, the price of shares will be in the range of $2.07 - $2.26. A $0.19 range width can provide 8.97% volatility. The weighted average price of this range is at $2.19, which is $0.04 lower than the previous day's weighted average price.

Table of forecasts for 2024.
Month	Target	Pes.	Opt.	Vol., %
Dec.	1.72	1.61	1.89	14.90

Now let's look at the monthly consensus forecast for this year and beyond. The forecast is also based on the forecasts of world analysts, which are in the public domain. Forecasts for the year are medium-term and less dependent on external factors, and therefore more accurate than daily forecasts.

This year, the maximum possible price per Canaan share is projected at $1.89. Peak forecasts from some agencies, which vary greatly in price, we have omitted.

The minimum levels for Canaan shares for this year are $1.61.

Detailed forecast for 2024

Similarly, we calculated the consensus forecasts for the coming years, which are summarized in tables for convenience.

Canaan (CAN) Monthly Stock Prediction for 2025

Table of forecasts for 2025.
Month	Target	Pes.	Opt.	Vol., %
Jan	1.68	1.62	1.74	6.95
Feb	1.68	1.53	1.82	15.89
Mar	1.78	1.67	1.96	15.01
Apr	1.76	1.55	1.91	18.68
May	1.92	1.69	2.03	16.60
Jun	2.04	1.98	2.19	9.64
Jul	2.02	1.94	2.11	8.17
Aug	1.87	1.66	2.10	20.76
Sep	1.82	1.61	2.00	19.11
Oct	1.74	1.65	1.87	11.44
Nov	1.80	1.72	1.87	8.11
Dec	1.84	1.75	1.99	11.92

Detailed forecast for 2025

Canaan (CAN) Monthly Stock Prediction for 2026

Table of forecasts for 2026.
Month	Target	Pes.	Opt.	Vol., %
Jan	1.72	1.65	1.90	13.05
Feb	1.94	1.81	2.01	9.72
Mar	2.00	1.82	2.10	13.42
Apr	2.12	1.99	2.31	13.86
May	2.24	2.02	2.36	14.50
Jun	2.40	2.22	2.66	16.54
Jul	2.51	2.43	2.68	9.40
Aug	2.46	2.20	2.67	17.60
Sep	2.49	2.41	2.72	11.51
Oct	2.52	2.41	2.62	8.06
Nov	2.81	2.57	2.96	13.25
Dec	2.93	2.59	3.08	15.98

Detailed forecast for 2026

Canaan (CAN) Monthly Stock Prediction for 2027

Table of forecasts for 2027.
Month	Target	Pes.	Opt.	Vol., %
Jan	2.72	2.59	3.00	13.59
Feb	2.70	2.39	2.92	18.15
Mar	2.50	2.27	2.67	15.06
Apr	2.37	2.22	2.56	13.32
May	2.03	1.87	2.13	12.18
Jun	1.82	1.70	1.96	13.46
Jul	1.75	1.62	1.90	14.63
Aug	1.63	1.48	1.73	14.15
Sep	1.79	1.59	1.85	13.79
Oct	1.91	1.72	2.07	16.74
Nov	2.10	1.93	2.31	16.29
Dec	2.34	2.08	2.58	19.19

Detailed forecast for 2027

Canaan (CAN) Monthly Stock Prediction for 2028

Table of forecasts for 2028.
Month	Target	Pes.	Opt.	Vol., %
Jan	2.22	2.12	2.36	10.05
Feb	2.55	2.43	2.81	13.36
Mar	2.17	1.91	2.34	18.37
Apr	2.02	1.95	2.18	10.59
May	2.13	2.00	2.31	13.66
Jun	2.04	1.82	2.21	17.55
Jul	1.89	1.77	2.07	14.55
Aug	2.10	1.99	2.33	14.60
Sep	2.28	2.13	2.39	10.85
Oct	2.38	2.13	2.58	17.35
Nov	2.64	2.34	2.79	16.08
Dec	2.52	2.38	2.71	12.02

Detailed forecast for 2028

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