Chagee (NASDAQ:CHA) Now Covered by Analysts at Morgan Stanley

Morgan Stanley began coverage on shares of Chagee (NASDAQ:CHA - Free Report) in a report published on Monday morning, MarketBeat reports. The brokerage issued an overweight rating and a $37.50 target price on the stock.

Separately, Wall Street Zen upgraded shares of Chagee from a "hold" rating to a "buy" rating in a research note on Wednesday, May 28th.

Chagee Stock Down 8.9%

Shares of CHA traded down $3.12 during trading hours on Monday, hitting $31.96. The stock had a trading volume of 2,058,777 shares, compared to its average volume of 1,675,553. Chagee has a 12 month low of $27.21 and a 12 month high of $41.80.

Chagee (NASDAQ:CHA - Get Free Report) last issued its quarterly earnings results on Friday, May 30th. The company reported $0.54 earnings per share (EPS) for the quarter. The business had revenue of $467.53 million during the quarter.

About Chagee

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.