Luckin Coffee (OTCMKTS:LKNCY) Raised to “Strong-Buy” at Zacks Research

Luckin Coffee (OTCMKTS:LKNCY) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Other analysts also recently issued reports about the company. Jefferies Financial Group assumed coverage on Luckin Coffee in a research report on Tuesday, June 9th. They set a “buy” rating and a $43.60 price target for the company. The Goldman Sachs Group set a $49.00 price objective on Luckin Coffee and gave the stock a “buy” rating in a research report on Sunday, June 21st. Three research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Strong Buy” and a consensus target price of $48.20.

Luckin Coffee Stock Up 1.9%

Luckin Coffee stock opened at $34.12 on Monday. Luckin Coffee has a 52 week low of $27.22 and a 52 week high of $43.64. The company’s 50 day moving average price is $31.95 and its two-hundred day moving average price is $33.21. The stock has a market cap of $9.79 billion, a P/E ratio of 20.31 and a beta of -0.36.

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.