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Chagee (NASDAQ:CHA) Sets New 52-Week Low - Here's What Happened

Chagee logo with Consumer Staples background

Chagee Holdings Limited - Sponsored ADR (NASDAQ:CHA - Get Free Report) reached a new 52-week low during mid-day 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.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CHA shares. Morgan Stanley started coverage on shares of Chagee in a research report on Monday, June 2nd. They issued an "overweight" rating and a $37.50 price target for the company. Wall Street Zen lowered shares of Chagee from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. CICC Research started coverage on shares of Chagee in a research report on Friday, June 6th. They issued an "outperform" rating and a $41.50 price target for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Chagee in a research report on Thursday, June 19th. They issued a "buy" rating and a $40.50 price target for the company. Finally, Citigroup started coverage on shares of Chagee in a research report on Wednesday, June 4th. They issued a "buy" rating and a $43.70 price target for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Chagee presently has an average rating of "Moderate Buy" and an average target price of $40.80.

Check Out Our Latest Research Report on Chagee

Chagee Stock Performance

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

Chagee Company Profile

(Get Free Report)

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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