Yahoo · Sep 28, 2026
Cango stock surges over 20% following Buy initiation at Jones Trading
Investing.com -- Shares of Cango Inc (NYSE:CANG) surged over 20% in Monday trading after Wall Street firm Jones Trading launched coverage on the company with a Buy rating and a $4.00 price target. Bullish commentary from analyst Kevin Dede highlighted Cango’s deliberate business transformation, pointing to its ongoing pivot toward artificial intelligence and high-performance computing (AI/HPC) infrastructure as a primary catalyst for long-term growth.

