Stock Track | Canaan Inc. Soars 6.39% as B. Riley Doubles Price Target to $4

Stock Track

2024/12/12

Shares of Canaan Inc. (CAN), a leading provider of high-performance computing solutions, surged 6.39% on Thursday's intraday trading session following an analyst upgrade and increased price target by B. Riley.

B. Riley doubled its price target on Canaan to $4 from $2, maintaining a Buy rating on the stock. The investment firm's positive outlook and higher valuation likely fueled investor interest and buying in Canaan shares.

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Soars 6.39% as B. Riley Doubles Price Target to $4\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-12-12 22:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Canaan Inc. (CAN), a leading provider of high-performance computing solutions, surged 6.39% on Thursday's intraday trading session following an analyst upgrade and increased price target by B. Riley.</p>\n\n<p>B. Riley doubled its price target on Canaan to $4 from $2, maintaining a Buy rating on the stock. 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