Top Wall Street Forecasters Revamp Canaan Expectations Ahead Of Q2 Earnings-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Top Wall Street Forecasters Revamp Canaan Expectations Ahead Of Q2 Earnings

Benzinga Earnings09-04 14:32

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:

Photo via Shutterstock

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Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.</p>\n<p>Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.</p>\n<ul>\n<li>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%.</li>\n<li>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%.</li>\n<li>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%.</li>\n<li><a href=\"https://laohu8.com/S/RILY\">B. Riley</a> 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%.</li>\n</ul>\n<p>Considering buying CAN stock? 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Here’s what analysts think:</p>\n<figure><img decoding=\"async\" height=\"290\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03062826/image-78-1024x290.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03062826/image-78-1024x290.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03062826/image-78-300x85.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03062826/image-78-768x217.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03062826/image-78.png 1156w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4170","symbol_name":"电脑硬件、储存设备及电脑周边","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/09/61621194/top-wall-street-forecasters-revamp-canaan-expectations-ahead-of-q2-earnings","article_id":"2664848773","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2664848773","pubTimestamp":1788503524,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga Earnings","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Canaan reports Q2 results Sept. 8; analysts expect a 6-cent loss and $40.92M revenue. Analysts maintain Buy ratings but cut price targets.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BK4170":"电脑硬件、储存设备及电脑周边","BK4595":"比特币概念","CAN":"嘉楠科技","BK4600":"加密货币概念","BK4526":"热门中概股"},"translate_title":"华尔街顶级预测员在第二季度财报公布前调整迦南预期","themeId":"11c8fbbf839f433c9d274cef5f173382","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAN":1.97},"content_text":"Canaan Inc. (NASDAQ:CAN) will release its second quarter earnings report before the opening bell on Tuesday, Sept. 8.\nAnalysts 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.\nOn May 19, Canaan reported mixed first-quarter financial results and issued second-quarter sales guidance below estimates.\nShares of Canaan jumped 27.9% to close at $0.39 on Thursday.\nBenzinga 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.\nLet’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.\n\nRosenblatt 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%.\nBTIG 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%.\nBenchmark 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%.\nB. 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%.\n\nConsidering buying CAN stock? Here’s what analysts think:\n\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}