Canaan (CAN) stock consensus forecasts for 2026.
Last update: 11/14/2024, 12:04 AM
Brief information about Canaan Inc.
Last trading day: 01/01/1970
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.
Canaan (CAN) Forecast for 2026
After collecting analyst forecasts for Canaan stock for 2026, we made one consensus forecast. For clarity, we will immediately build a forecast chart for 2026, which will include historical data on Canaan stock prices. The gray color on the chart shows the historical price. The turquoise color shows the price forecast with a possible range of fluctuations.
The maximum share price target for 2026 is $3.08. This represents upside potential of 135.2% from current levels. The average return per month can be 5.41%.
The lowest price level the stock can fall to in 2026 is $1.53. This will be a good year for Canaan stock. Losses are not predicted.
Thus, in the period from the current date until the end of 2026, it is possible to form a channel with a resistance level of $3.08 and a support level of $1.53. The width of this channel is $1.55. According to the theory of technical analysis, a downward breakdown of the channel will open the way to $0. If the resistance level is broken, then the road to $5 per share of Canaan will open.
What is the probability of exiting the channel up? Near the level of the upper border of the channel, the share price will be traded for only 1 month. The chances of breaking through the resistance level in this and subsequent periods are very small. If stocks break through the $3.08 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 $3.08 mark holds, then this will be a new channel with new goals.
How about testing the strength of the support level? The price will remain near the support level for 2 months. The chance to break the level is very small.
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.
| Month | Mid | Low | High | Range, % |
|---|---|---|---|---|
| January 2026 | 1.72 | 1.65 | 1.90 | 13.05 % |
| February 2026 | 1.94 | 1.81 | 2.01 | 9.72 % |
| March 2026 | 2.00 | 1.82 | 2.10 | 13.42 % |
| April 2026 | 2.12 | 1.99 | 2.31 | 13.86 % |
| May 2026 | 2.24 | 2.02 | 2.36 | 14.50 % |
| June 2026 | 2.40 | 2.22 | 2.66 | 16.54 % |
| July 2026 | 2.51 | 2.43 | 2.68 | 9.40 % |
| August 2026 | 2.46 | 2.20 | 2.67 | 17.60 % |
| September 2026 | 2.49 | 2.41 | 2.72 | 11.51 % |
| October 2026 | 2.52 | 2.41 | 2.62 | 8.06 % |
| November 2026 | 2.81 | 2.57 | 2.96 | 13.25 % |
| December 2026 | 2.93 | 2.59 | 3.08 | 15.98 % |
Forecast for January 2026.
It is predicted that the price of one Canaan share in will be in the range of $1.65 to $1.90. The width of this range will be $0.25 (13.05%). The average price is $1.72, which is $0.12 less than the average price of the previous month.
Forecast for February 2026.
It is predicted that the price of one Canaan share in will be in the range of $1.81 to $2.01. The width of this range will be $0.20 (9.72%). The average price is $1.94, which is $0.22 higher than the average price of the previous month.
Forecast for March 2026.
It is predicted that the price of one Canaan share in will be in the range of $1.82 to $2.10. The width of this range will be $0.28 (13.42%). The average price is $2.00, which is $0.06 higher than the average price of the previous month.
Forecast for April 2026.
It is predicted that the price of one Canaan share in will be in the range of $1.99 to $2.31. The width of this range will be $0.32 (13.86%). The average price is $2.12, which is $0.12 higher than the average price of the previous month.
Forecast for May 2026.
It is predicted that the price of one Canaan share in will be in the range of $2.02 to $2.36. The width of this range will be $0.34 (14.50%). The average price is $2.24, which is $0.12 higher than the average price of the previous month.
Forecast for June 2026.
It is predicted that the price of one Canaan share in will be in the range of $2.22 to $2.66. The width of this range will be $0.44 (16.54%). The average price is $2.40, which is $0.16 higher than the average price of the previous month.
Forecast for July 2026.
It is predicted that the price of one Canaan share in will be in the range of $2.43 to $2.68. The width of this range will be $0.25 (9.40%). The average price is $2.51, which is $0.11 higher than the average price of the previous month.
Forecast for August 2026.
It is predicted that the price of one Canaan share in will be in the range of $2.20 to $2.67. The width of this range will be $0.47 (17.60%). The average price is $2.46, which is $0.05 less than the average price of the previous month.
Forecast for September 2026.
It is predicted that the price of one Canaan share in will be in the range of $2.41 to $2.72. The width of this range will be $0.31 (11.51%). The average price is $2.49, which is $0.02 higher than the average price of the previous month.
Forecast for October 2026.
It is predicted that the price of one Canaan share in will be in the range of $2.41 to $2.62. The width of this range will be $0.21 (8.06%). The average price is $2.52, which is $0.03 higher than the average price of the previous month.
Forecast for November 2026.
It is predicted that the price of one Canaan share in will be in the range of $2.57 to $2.96. The width of this range will be $0.39 (13.25%). The average price is $2.81, which is $0.3 higher than the average price of the previous month.
Forecast for December 2026.
It is predicted that the price of one Canaan share in will be in the range of $2.59 to $3.08. The width of this range will be $0.49 (15.98%). The average price is $2.93, which is $0.12 higher than the average price of the previous month.
