Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) Receives $14.68 Consensus Price Target from Analysts

Shares of Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) have been given a consensus rating of “Hold” by the eight research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $14.6833.

A number of brokerages have recently weighed in on CHA. Morgan Stanley restated an “overweight” rating and issued a $15.50 price objective on shares of Chagee in a report on Friday, May 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Chagee in a research report on Wednesday, June 24th. JPMorgan Chase & Co. raised Chagee from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $11.50 to $16.00 in a research report on Thursday, April 2nd. Zacks Research upgraded shares of Chagee from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, The Goldman Sachs Group started coverage on shares of Chagee in a report on Sunday, June 21st. They issued a “neutral” rating and a $13.60 target price for the company.

Institutional Trading of Chagee

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in Chagee in the second quarter valued at about $26,000. Quantbot Technologies LP purchased a new stake in shares of Chagee in the third quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd grew its holdings in Chagee by 3,141.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,885 shares of the company’s stock worth $34,000 after acquiring an additional 2,796 shares during the period. Geode Capital Management LLC purchased a new position in Chagee in the fourth quarter worth $147,000. Finally, Federated Hermes Inc. purchased a new stake in shares of Chagee during the 2nd quarter worth $172,000.

Chagee Stock Performance

CHA stock opened at $11.31 on Thursday. Chagee has a fifty-two week low of $8.98 and a fifty-two week high of $29.10. The company’s 50 day moving average price is $11.11 and its 200 day moving average price is $11.13. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 16.22 and a beta of 1.62.

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. “Quality, Health, and Convenience” is the guiding principle of how we make our products.