Chagee (NASDAQ:CHA) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Chagee (NASDAQ:CHA - Free Report) from a hold rating to a buy rating in a research report released on Saturday morning.

CHA has been the topic of a number of other reports. Morgan Stanley assumed coverage on Chagee in a research report on Monday, June 2nd. They issued an "overweight" rating and a $37.50 price target on the stock. CICC Research assumed coverage on Chagee in a research report on Friday, June 6th. They issued an "outperform" rating and a $41.50 price target on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Chagee in a research report on Thursday, June 19th. They issued a "buy" rating and a $40.50 price target on the stock. Finally, Citigroup assumed coverage on Chagee in a research report on Wednesday, June 4th. They issued a "buy" rating and a $43.70 price target on the stock. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Chagee currently has an average rating of "Buy" and an average target price of $40.80.

Chagee Stock Down 3.1%

Chagee stock traded down $0.87 during trading hours on Friday, hitting $27.55. 688,671 shares of the stock traded hands, compared to its average volume of 1,013,458. Chagee has a one year low of $25.26 and a one year high of $41.80.

Chagee (NASDAQ:CHA - Get Free Report) last posted its quarterly earnings data 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.

About Chagee

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.