Canaan Inc (CAN) Stock: BTIG Buy Rating, Green Bitcoin Pivot and 2026 Forecasts — December 8, 2025
BTIG initiated coverage of Canaan Inc. (NASDAQ: CAN) with a Buy rating and a $3.00 price target on December 8, 2025, implying over 220% upside from its latest close of $0.93. The stock is up 32% in three months but remains down 69% over the past year. Canaan’s Q3 2025 revenue doubled year-over-year to $150.5 million, with losses narrowing. Average daily trading volume stands near 17 million shares.