Chagee Holdings Ltd. (NASDAQ:CHA – Get Free Report)’s share price shot up 7% on Monday . The company traded as high as $30.00 and last traded at $29.97. 760,993 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 1,632,378 shares. The stock had previously closed at $28.01.
Analyst Ratings Changes
Several research firms have recently weighed in on CHA. Wall Street Zen raised shares of Chagee from a “hold” rating to a “buy” rating in a research note on Wednesday, May 28th. Morgan Stanley assumed coverage on shares of Chagee in a research note on Monday. They issued an “overweight” rating and a $37.50 price target on the stock.
View Our Latest Analysis on CHA
Chagee Trading Up 9.2%
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.
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