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Canaan: Rosenblatt maintains a 'Buy' Rating, The Target Price is $4
ByAinvest
Friday, Aug 29, 2025 12:00 pm ET1min read
Rosenblatt maintains 'Buy' rating on Canaan(CAN).
The target price is unchanged and still at 4 .
[Recent Rating]
| Date | Agency | Change | Rating | Rating （previously） | Target Price | Target Price（previously） |
|---|---|---|---|---|---|---|
| 2025-08-29 | Rosenblatt | Maintains | Buy | Buy | $4 | $4 |
| 2025-08-15 | Rosenblatt | Maintains | Buy | Buy | $4 | $5 |
[Recent Earning Results] Canaan posted the Q2 of its 2025 financial results on 8/14/2025, reporting total revenue of USD 182.99 million in the first half of the year, up 71.10% from USD 106.95 million year over year, reporting net income of USD -97.49 million in the first half of the year, expanding 19.95% from USD -81.27 million year over year.
[Company Profile] Canaan Inc. was incorporated under the laws of the Cayman Islands in February 6, 2018. The company primarily focuses on providing crypto mining solutions through their proprietary ASICs. They are one of the few fabless IC design companies with the advanced technology to independently design ASIC, established access to leading wafer foundry capacity and proven in-house capability to produce Bitcoin mining machines. They primarily dedicated technology and expertise in ASIC applications to Bitcoin mining machines and are a leading producer of Bitcoin mining machines in the global market. In addition, with their technology expertise and know-how in ASIC chip design, their operating subsidiaries have delivered Risc-V architecture-based edge computing chips applicable to smart digital devices.
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