Canaan Technology's stable operation was recognized, and Wall Street investment institution Rosenblatt gave it a "buy" rating

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Canaan Technology's stable operation was recognized, and Wall Street investment institution Rosenblatt gave it a "buy" rating

阿尔法工场09-13

BEIJING, PRC, September 11, 2024-Canaan Technology (NASDAQ: CAN) was recently favored by the Rosenblatt agency for its development prospects. In the agency's report, in the face of the upcoming Bitcoin bull market, Canaan Technology is defined as "quite prospective", giving Canaan Technology a "buy" rating, and believing that the stock price target will climb to $3 in the next 12 months. The report believes Canaan's stock is undervalued, with a price-to-sales ratio of 0.6 compared to its peers' price-to-sales ratio of 3.9. This underestimation mainly stems from concerns about the company's profitability and its perception as a hardware supplier. But with Canaan Technology...

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