Top Wall Street Forecasters Revamp Canaan Expectations Ahead Of Q2 Earnings
Canaan reports Q2 results Sept. 8; analysts expect a 6-cent loss and $40.92M revenue. Analysts maintain Buy ratings but cut price targets.
Wall Street experts are getting ready for Canaan's earnings report on Sept. 8, and they lowered how much money they think the company will be worth—even though they still like it. When smart watchers lower their price targets (the value they think a stock should have) but keep saying it's good to own, it usually means they're being more careful about what could happen next.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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