Analysts at CICC Research began coverage on shares of Chagee (NASDAQ:CHA - Get Free Report) in a research note issued on Friday,Benzinga reports. The firm set an "outperform" rating and a $41.50 price target on the stock. CICC Research's target price indicates a potential upside of 31.08% from the stock's current price.
Several other equities research analysts also recently weighed in on the company. Citigroup initiated coverage on Chagee in a report on Wednesday. They issued a "buy" rating and a $43.70 price objective for the company. Wall Street Zen upgraded shares of Chagee from a "hold" rating to a "buy" rating in a research report on Wednesday, May 28th. Finally, Morgan Stanley started coverage on shares of Chagee in a research report on Monday. They set an "overweight" rating and a $37.50 price objective on the stock.
Read Our Latest Report on Chagee
Chagee Stock Performance
NASDAQ CHA opened at $31.66 on Friday. Chagee has a 1 year low of $27.21 and a 1 year high of $41.80.
Chagee (NASDAQ:CHA - Get Free Report) last posted its earnings results on Friday, May 30th. The company reported $0.54 earnings per share for the quarter. The firm had revenue of $467.53 million during the quarter.
Chagee Company Profile
(
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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.
Further Reading
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