Chagee (NASDAQ:CHA - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Friday.
A number of other analysts have also issued reports on the stock. Morgan Stanley initiated coverage on shares of Chagee in a research report on Monday. They issued an "overweight" rating and a $37.50 price target for the company. Citigroup initiated coverage on shares of Chagee in a research report on Wednesday. They issued a "buy" rating and a $43.70 price target for the company. Finally, CICC Research initiated coverage on Chagee in a report on Friday. They issued an "outperform" rating and a $41.50 price objective on the stock.
Check Out Our Latest Stock Analysis on Chagee
Chagee Price Performance
Shares of NASDAQ CHA traded up $0.92 during mid-day trading on Friday, reaching $32.58. The company had a trading volume of 802,015 shares, compared to its average volume of 1,662,177. Chagee has a 12-month low of $27.21 and a 12-month high of $41.80.
Chagee (NASDAQ:CHA - Get Free Report) last posted its quarterly 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 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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