Chagee Holdings Ltd. (NASDAQ:CHA - Get Free Report)'s stock price shot up 7% during trading on Monday . The stock traded as high as $30.00 and last traded at $29.97. 760,993 shares were traded during trading, a decline of 53% from the average session volume of 1,632,378 shares. The stock had previously closed at $28.01.
Analyst Ratings Changes
Several equities analysts recently issued reports on CHA shares. CICC Research began coverage on Chagee in a research report on Friday. They issued an "outperform" rating and a $41.50 target price on the stock. Wall Street Zen raised Chagee from a "hold" rating to a "buy" rating in a report on Wednesday, May 28th. Morgan Stanley assumed coverage on Chagee in a report on Monday. They set an "overweight" rating and a $37.50 target price for the company. Finally, Citigroup began coverage on shares of Chagee in a report on Wednesday. They issued a "buy" rating and a $43.70 price target on the stock.
View Our Latest Stock Report on Chagee
Chagee Price Performance
Chagee (NASDAQ:CHA - Get Free Report) last announced its quarterly 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 for 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.
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