Shares of Chagee Holdings Limited - Sponsored ADR (NASDAQ:CHA - Get Free Report) dropped 4.9% during trading on Tuesday . The stock traded as low as $28.12 and last traded at $28.13. Approximately 513,016 shares traded hands during trading, a decline of 67% from the average daily volume of 1,538,012 shares. The stock had previously closed at $29.59.
Wall Street Analyst Weigh In
CHA has been the topic of several analyst reports. CICC Research began coverage on shares of Chagee in a research report on Friday, June 6th. They set an "outperform" rating and a $41.50 price target on the stock. Citigroup assumed coverage on shares of Chagee in a research note on Wednesday, June 4th. They set a "buy" rating and a $43.70 target price for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Chagee in a research note on Thursday. They set a "buy" rating and a $40.50 target price for the company. Wall Street Zen cut shares of Chagee from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Finally, Morgan Stanley assumed coverage on shares of Chagee in a research note on Monday, June 2nd. They set an "overweight" rating and a $37.50 target price for the company. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Chagee currently has an average rating of "Moderate Buy" and an average price target of $40.80.
Check Out Our Latest Report on Chagee
Chagee Stock Up 0.6%
Chagee (NASDAQ:CHA - Get Free Report) last posted its quarterly earnings results 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.
About Chagee
(
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.
Read More
Before you consider Chagee, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chagee wasn't on the list.
While Chagee currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
