B. Riley lowered the firm’s price target on Canaan (CAN) to $2 from $3 and keeps a Buy rating on the shares. The firm updated estimates in the high performance computing space to reflect Q2 actuals.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAN:
- Largest borrow rate increases among liquid names
- Canaan Inc. Reports June 2025 Bitcoin Production Amidst Weather Challenges
- Canaan mines 88 bitcoin in June
- Canaan to discontinue non-core AI semiconductor business unit
- Canaan Inc. Realigns Focus to Strengthen Crypto Business