Benchmark Boosts Canaan (CAN) PT to $4, Cites a Visible Slate of Shipments

Core Viewpoint - Canaan Inc. is identified as a promising tech stock by Wall Street analysts, with recent price target increases indicating strong potential for share price appreciation following the resolution of NASDAQ listing concerns [1][3]. Group 1: Price Target Increases - Benchmark raised Canaan's price target to $4 from $2 while maintaining a Buy rating, citing improved positioning for share price growth [1]. - B. Riley also increased its price target for Canaan to $3 from $2, reflecting a broader positive trend in price targets for companies in high-performance computing (HPC) [3]. Group 2: Shipment and Demand Outlook - Canaan is expected to benefit from a significant shipment of over 50,000 Avalon A15 Pro units anticipated in Q4 2025, alongside an expanding self-mining operation [2]. - The overall market demand for AI-related power and data centers is robust, contributing to positive forecasts for Canaan and similar companies [3]. Group 3: Company Overview - Canaan Inc. specializes in the research, development, design, and sale of integrated circuits for bitcoin mining, as well as leasing final mining equipment in China [4].