Wall Street Zen upgraded shares of Chagee (NASDAQ:CHA - Free Report) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.
CHA has been the subject of a number of other reports. CICC Research began coverage on Chagee in a research note on Friday, June 6th. They set an "outperform" rating and a $41.50 price target for the company. Morgan Stanley assumed coverage on shares of Chagee in a research report on Monday, June 2nd. They issued an "overweight" rating and a $37.50 target price on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Chagee in a research note on Thursday, June 19th. They issued a "buy" rating and a $40.50 price target on the stock. Finally, Citigroup initiated coverage on shares of Chagee in a research report on Wednesday, June 4th. They set a "buy" rating and a $43.70 target price on the stock. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Chagee has an average rating of "Buy" and a consensus target price of $40.80.
Check Out Our Latest Analysis on CHA
Chagee Stock Performance
NASDAQ CHA traded down $0.48 on Friday, reaching $26.74. The stock had a trading volume of 906,319 shares, compared to its average volume of 1,417,838. Chagee has a 1 year low of $25.26 and a 1 year high of $41.80.
Chagee (NASDAQ:CHA - Get Free Report) last announced its earnings results on Friday, May 30th. The company reported $0.54 earnings per share (EPS) for the quarter. The company 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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