Brokerages Set Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) Target Price at $19.17

Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) has been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $19.1667.

Several research firms have recently weighed in on CHA. Weiss Ratings reiterated a “sell (d)” rating on shares of Chagee in a research note on Friday, March 27th. Zacks Research upgraded shares of Chagee from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. JPMorgan Chase & Co. upgraded shares of Chagee from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $11.50 to $16.00 in a research note on Thursday, April 2nd. Morgan Stanley reiterated an “overweight” rating and issued a $15.50 price objective on shares of Chagee in a research note on Friday, May 29th. Finally, CLSA began coverage on shares of Chagee in a research note on Sunday, May 31st. They issued a “hold” rating and a $10.00 price objective for the company.

Institutional Trading of Chagee

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new stake in Chagee in the 2nd quarter valued at $26,000. Quantbot Technologies LP acquired a new stake in Chagee in the 3rd quarter valued at $34,000. Caitong International Asset Management Co. Ltd grew its position in Chagee by 3,141.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,885 shares of the company’s stock valued at $34,000 after purchasing an additional 2,796 shares during the period. Geode Capital Management LLC acquired a new stake in Chagee in the 4th quarter valued at $147,000. Finally, Federated Hermes Inc. acquired a new stake in Chagee in the 2nd quarter valued at $172,000.

Chagee Stock Up 1.5%

NASDAQ:CHA opened at $12.16 on Friday. The company has a fifty day moving average of $10.69 and a 200-day moving average of $11.46. The firm has a market capitalization of $2.23 billion, a P/E ratio of 17.37 and a beta of 1.73. Chagee has a twelve month low of $8.98 and a twelve month high of $30.20.

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.