Luckin Coffee (OTCMKTS:LKNCY) Upgraded by The Goldman Sachs Group to “Strong-Buy” Rating

The Goldman Sachs Group upgraded shares of Luckin Coffee (OTCMKTS:LKNCY) to a strong-buy rating in a research note published on Sunday morning,Zacks.com reports.

LKNCY has been the topic of a number of other reports. Zacks Research raised shares of Luckin Coffee from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Jefferies Financial Group initiated coverage on shares of Luckin Coffee in a report on Tuesday, June 9th. They set a “buy” rating and a $43.60 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $48.20.

Luckin Coffee Price Performance

Shares of OTCMKTS:LKNCY opened at $32.12 on Friday. Luckin Coffee has a 1 year low of $30.00 and a 1 year high of $43.64. The company has a market capitalization of $9.21 billion, a PE ratio of 20.08 and a beta of -0.31. The business has a fifty day moving average price of $32.29 and a two-hundred day moving average price of $33.78.

Luckin Coffee Company Profile

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.