Chagee (NASDAQ:CHA) Research Coverage Started at CICC Research

CICC Research assumed coverage on shares of Chagee (NASDAQ:CHA) in a research report sent to investors on Friday morning,Benzinga reports. The firm issued an outperform rating and a $41.50 price target on the stock.

CHA has been the subject of several other research reports. Citigroup initiated coverage on Chagee in a research report on Wednesday, June 4th. They issued a “buy” rating and a $43.70 target price for the company. Wall Street Zen raised shares of Chagee from a “hold” rating to a “buy” rating in a report on Wednesday, May 28th. Finally, Morgan Stanley initiated coverage on shares of Chagee in a research note on Monday, June 2nd. They set an “overweight” rating and a $37.50 target price for the company.

Chagee Stock Performance

CHA opened at $32.58 on Friday. Chagee has a 12-month low of $27.21 and a 12-month high of $41.80.

Chagee (NASDAQ:CHA) last issued 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 during the quarter.

Chagee Company Profile

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.