StoneX analyst Mark Palmer reiterated a Buy rating and $1.00 price target on Canaan Inc. (NASDAQ: CAN).

The analyst commented, "Canaan Inc. (CAN) reported 2Q26 results yesterday that reflected an operating environment for a developer of bitcoin mining equipment and self-miner that was difficult during the period and has remained challenging despite an improvement in the cryptocurrency’s price."

For an analyst ratings summary and ratings history on Canaan Inc. click here. For more ratings news on Canaan Inc. click here.

Shares of Canaan Inc. closed at $0.32 yesterday.