Equities researchers at Citigroup started coverage on shares of Chagee (NASDAQ:CHA - Get Free Report) in a research report issued on Wednesday, Marketbeat Ratings reports. The firm set a "buy" rating and a $43.70 price target on the stock. Citigroup's price target would suggest a potential upside of 34.13% from the company's current price.
Several other brokerages have also recently commented on CHA. Morgan Stanley initiated coverage on Chagee in a report on Monday, June 2nd. They set an "overweight" rating and a $37.50 target price on the stock. Wall Street Zen raised Chagee from a "hold" rating to a "buy" rating in a report on Wednesday, May 28th.
Get Our Latest Stock Analysis on Chagee
Chagee Stock Up 2.9%
Shares of CHA traded up $0.92 during mid-day trading on Wednesday, reaching $32.58. 802,015 shares of the company's stock traded hands, compared to its average volume of 1,662,177. Chagee has a 12 month low of $27.21 and a 12 month high of $41.80.
Chagee (NASDAQ:CHA - Get Free Report) last announced its earnings results on Friday, May 30th. The company reported $0.54 EPS for the quarter. The firm had revenue of $467.53 million for the quarter.
About Chagee
(
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Our Mission With every cup of our tea, we aspire to foster a global connection of people and cultures. Our Vision To modernize the tea-drinking experience through technology and innovation. Our Core Values “Customer First” is the foundational philosophy of how we make decisions and run our business. “Caring for Partners” is the core value that defines how we interact with consumers, franchise partners, suppliers, and employees.
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