Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) Receives $29.67 Consensus Price Target from Analysts

Shares of Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) have received an average recommendation of “Hold” from the nine research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $29.6714.

CHA has been the topic of a number of recent analyst reports. Wall Street Zen raised Chagee from a “sell” rating to a “hold” rating in a research note on Sunday, December 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Chagee in a research report on Monday, December 29th. JPMorgan Chase & Co. raised shares of Chagee from an “underweight” rating to a “neutral” rating and decreased their price objective for the stock from $12.40 to $11.50 in a report on Friday, February 13th. Zacks Research raised shares of Chagee from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Finally, Jefferies Financial Group assumed coverage on Chagee in a research note on Wednesday, January 7th. They set a “hold” rating and a $14.00 price target on the stock.

Hedge Funds Weigh In On Chagee

Several large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new stake in Chagee during the 2nd quarter worth $26,000. Quantbot Technologies LP bought a new position in shares of Chagee in the 3rd quarter worth $34,000. Caitong International Asset Management Co. Ltd grew its stake in shares of 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 purchasing an additional 2,796 shares during the period. Geode Capital Management LLC bought a new stake in Chagee in the fourth quarter valued at about $147,000. Finally, Federated Hermes Inc. bought a new stake in Chagee in the second quarter valued at about $172,000.

Chagee Price Performance

NASDAQ CHA opened at $9.53 on Tuesday. The stock’s 50 day simple moving average is $10.96 and its 200 day simple moving average is $13.50. Chagee has a one year low of $9.51 and a one year high of $41.80. The firm has a market cap of $1.75 billion and a PE ratio of 10.83.

Chagee Company Profile

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.