Luckin Coffee Inc. (NYSE:LK) Given Consensus Rating of “Buy” by Analysts
Shares of Luckin Coffee Inc. (NYSE:LK) have been assigned an average recommendation of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $25.20.
A number of equities research analysts recently commented on LK shares. KeyCorp reiterated a “buy” rating and issued a $143.00 price objective on shares of Microsoft in a report on Tuesday, June 11th. Morgan Stanley upped their price objective on from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) and gave the company an “equal weight” rating in a report on Tuesday, June 11th. CICC Research started coverage on Luckin Coffee in a report on Wednesday, June 12th. They issued a “buy” rating for the company. Zephirin Group started coverage on Luckin Coffee in a report on Friday, May 17th. They issued a “buy” rating and a $32.00 price target for the company. Finally, Needham & Company LLC started coverage on Luckin Coffee in a report on Tuesday, June 11th. They issued a “buy” rating and a $27.00 price target for the company.
NYSE LK traded down $0.08 on Friday, reaching $19.41. The company had a trading volume of 78,507 shares, compared to its average volume of 4,844,330. Luckin Coffee has a 52 week low of $13.71 and a 52 week high of $25.96.
Luckin Coffee Inc engages in the retail sale of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China. It offers freshly brewed drinks, including freshly brewed coffee and non-coffee drinks; and food and beverage items, such as light meals. The company operates pick-up stores, relax stores, and delivery kitchens under the Luckin brand, as well as Luckin mobile app, Weixin mini-program, and other third-party platforms that cover the customer purchase process.
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