5 Most Promising Blockchain Stocks According to Analysts

Page 5 of 5

1. Canaan Inc. (NASDAQ:CAN)

Latest Analyst Share Price Upside: 138.5%

Canaan Inc. (NASDAQ:CAN) is a hardware company that makes and sells products that are used to mine Bitcoin. Insider Monkey took a look at the most profitable cryptocurrency stocks as of December 2023 and found that Canaan Inc. (NASDAQ:CAN)’s TTM net income made it rank third.

Insider Monkey’s third quarter of 2023 survey covering 910 hedge funds outlined that three had invested in the company. Douglas Harold Hart Polunin’s Polunin Capital was Canaan Inc. (NASDAQ:CAN)’s largest shareholder courtesy of its $2.5 million stake.

Follow Canaan Inc. (NASDAQ:CAN)

Disclosure: None. You can also take a look at 15 Undervalued S&P 500 Stocks Billionaires Are Loading Up On and 11 Best Fundamentally Strong Penny Stocks To Invest In.

Follow Insider Monkey on Twitter

Page 5 of 5