Canaan price target lowered to $2 from $2.50 at B. Riley

SelfRugger · 2026-04-04T05:23:20+00:00

B. Riley has lowered Canaan's price target from $2.50 to $2 while maintaining a Buy rating, reflecting the company's Q4 performance and its acquisition of a 49% stake in Texas mining sites from Cipher Mining.

SelfRugger

2026-04-04 05:23:20

Abstract generation in progress

Canaan price target lowered to $2 from $2.50 at B. Riley

TipRanks

Thu, February 26, 2026 at 10:26 PM GMT+9 1 min read

In this article:

CIFR

-2.98%

CAN

+6.67%

B. Riley lowered the firm’s price target on Canaan (CAN) to $2 from $2.50 and keeps a Buy rating on the shares. The revised price target reflects the company’s Q4 results and the acquisition of Cipher Mining’s (CIFR) 49% stake in three West Texas sites, the analyst tells investors in a research note.

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