Canaan Inc
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Information Technology : Technology Hardware, Storage & Peripherals |
Based in China
Company profile

Canaan Inc provides supercomputing solutions through proprietary high-performance computing ASICs (Application Specific Integrated Circuit). The Company provides a holistic AI (Artificial Intelligence) solution to customers, including AI chips, algorithm development and optimization, hardware module, end-product and software services.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

Postmarket

Last Trade
Delayed
$4.97
-0.03 (-0.60%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$5.00
Day's Change
-0.75 (-13.04%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
6.06
Day's Low
4.80
Volume
(Above Average)
Volume:
13,284,113

10-day average volume:
11,117,082
13,284,113

Tesla price target raised to $360 at Morgan Stanley

11:28 am ET October 23, 2020 (MarketWatch)
Print

Tesla Inc. (TSLA) "very strong" third-quarter earnings have led Morgan Stanley to raise its price target on the company's stock to $360, from $330, representing a downside around 12% from Friday's prices. Analyst Adam Jonas also upped his expectations for 2020 deliveries to 497,000 vehicles, from 490,000. Tesla is a "must include" stock in an electric-car and sustainability portfolio, Jonas said in a note Friday. He also increased his expectations for Tesla's 2021 deliveries to 778,000 vehicles, from 698,000. He kept the equivalent of a hold rating on the stock. Tesla reported a blowout quarter on Wednesday, showing a fifth straight profit and reiterating its goal of selling half a million vehicles this year. Chief Executive Elon Musk also hinted at a 2021 sales target between 840,000 and 1 million vehicles. The stock gave back some of its recent gains, however, down 6% for the week. In the year, Tesla shares have gained 393%, compared with an advance around 7% for the S&P 500 index.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 23, 2020 11:28 ET (15:28 GMT)

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