Chagee Holdings Ltd. (NASDAQ:CHA - Get Free Report)'s stock price traded up 7% during trading on Monday . The stock traded as high as $30.00 and last traded at $29.97. 760,993 shares changed hands during trading, a decline of 53% from the average session volume of 1,632,378 shares. The stock had previously closed at $28.01.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. Wall Street Zen raised Chagee from a "hold" rating to a "buy" rating in a report on Wednesday, May 28th. Citigroup initiated coverage on Chagee in a report on Wednesday. They set a "buy" rating and a $43.70 target price for the company. Finally, Morgan Stanley initiated coverage on Chagee in a report on Monday. They issued an "overweight" rating and a $37.50 price objective for the company.
Check Out Our Latest Report on Chagee
Chagee Stock Performance
Chagee (NASDAQ:CHA - Get Free Report) last released 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.
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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