Chagee Holdings Limited - Sponsored ADR (NASDAQ:CHA - Get Free Report) shares were up 4.1% on Monday . The company traded as high as $28.88 and last traded at $28.41. Approximately 435,866 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 1,444,425 shares. The stock had previously closed at $27.30.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on CHA shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Chagee in a research note on Thursday, June 19th. They issued a "buy" rating and a $40.50 target price on the stock. CICC Research assumed 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. Morgan Stanley assumed coverage on shares of Chagee in a research report on Monday, June 2nd. They set an "overweight" rating and a $37.50 price target on the stock. Citigroup assumed 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. Finally, Wall Street Zen cut shares of Chagee from a "buy" rating to a "hold" rating in a report on Friday, June 6th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.80.
Get Our Latest Stock Analysis on Chagee
Chagee Stock Performance
Chagee (NASDAQ:CHA - Get Free Report) last announced its earnings results on Friday, May 30th. The company reported $0.54 EPS for the quarter. The business 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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