Equities researchers at Credit Suisse Group began coverage on shares of Luckin Coffee (NYSE:LK) in a report issued on Tuesday, The Fly reports. The firm set an “outperform” rating and a $24.00 price target on the stock. Credit Suisse Group’s target price indicates a potential upside of 31.94% from the company’s current price.
A number of other research analysts have also recently commented on LK. Zephirin Group started coverage on Luckin Coffee in a research note on Friday, May 17th. They set a “buy” rating and a $32.00 price target on the stock. Needham & Company LLC started coverage on Luckin Coffee in a research note on Tuesday. They set a “buy” rating and a $27.00 price target on the stock. Morgan Stanley started coverage on Luckin Coffee in a research note on Tuesday. They set an “equal weight” rating and a $21.00 price target on the stock. Finally, KeyCorp started coverage on Luckin Coffee in a research note on Tuesday. They set an “overweight” rating and a $22.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Luckin Coffee presently has a consensus rating of “Buy” and a consensus target price of $25.20.
Shares of Luckin Coffee stock opened at $18.19 on Tuesday. Luckin Coffee has a fifty-two week low of $13.71 and a fifty-two week high of $25.96.
About Luckin Coffee
Luckin Coffee Inc engages in the retail sale of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China. It offers freshly brewed drinks, including freshly brewed coffee and non-coffee drinks; and food and beverage items, such as light meals. The company operates pick-up stores, relax stores, and delivery kitchens under the Luckin brand, as well as Luckin mobile app, Weixin mini-program, and other third-party platforms that cover the customer purchase process.
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