Shares of Chagee Holdings Limited - Sponsored ADR (NASDAQ:CHA - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $26.75 and last traded at $27.03, with a volume of 787732 shares traded. The stock had previously closed at $28.13.
Wall Street Analysts Forecast Growth
A number of research firms have commented on CHA. Deutsche Bank Aktiengesellschaft began coverage on shares of Chagee in a research report on Thursday, June 19th. They set a "buy" rating and a $40.50 price target on the stock. Wall Street Zen downgraded shares of Chagee from a "buy" rating to a "hold" rating in a report on Friday, June 6th. CICC Research initiated coverage on shares of Chagee in a report on Friday, June 6th. They issued an "outperform" rating and a $41.50 target price on the stock. Morgan Stanley initiated coverage on shares of Chagee in a report on Monday, June 2nd. They issued an "overweight" rating and a $37.50 target price on the stock. Finally, Citigroup initiated coverage on shares of Chagee in a report on Wednesday, June 4th. They issued a "buy" rating and a $43.70 target price on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $40.80.
Read Our Latest Research Report on CHA
Chagee Price Performance
Chagee (NASDAQ:CHA - Get Free Report) last released its quarterly earnings results on Friday, May 30th. The company reported $0.54 earnings per share (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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