Shares of Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY – Get Free Report) have been assigned a consensus recommendation of “Buy” from the four ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $48.20.
Several brokerages have weighed in on LKNCY. The Goldman Sachs Group set a $49.00 price objective on Luckin Coffee and gave the company a “buy” rating in a report on Sunday, June 21st. Jefferies Financial Group initiated coverage on Luckin Coffee in a research note on Tuesday, June 9th. They set a “buy” rating and a $43.60 price target for the company. Finally, Zacks Research raised Luckin Coffee from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th.
View Our Latest Research Report on Luckin Coffee
Luckin Coffee Stock Down 2.0%
About Luckin Coffee
Luckin Coffee Inc is a China-based coffeehouse chain that combines a digitally driven ordering platform with a network of physical outlets. The company’s mobile app and in-store kiosks enable customers to place orders for takeaway or delivery, while its proprietary supply chain supports rapid store expansion and consistent product quality. Luckin’s retail portfolio includes “grab-and-go” pickup points, delivery-only kitchens and full-service cafés designed to meet the varied needs of urban consumers.
Luckin’s menu features a broad range of espresso-based drinks, including lattes, Americanos and cold brews, complemented by tea-based beverages, fruit juices and a selection of light food items such as sandwiches and pastries.
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