Just In: Chagee Holdings Limited (CHA) Set for 160% BreakoutThe price of Chagee Holdings Limited (NASDAQ; NASDAQ:CHA ) is gearing for a 160% breakout amidst breaking out of a falling wedge.
The stock has been in an enclosed falling wedge since Early March this year. However, growing interest reveals the stock is set to go parambolic with eyes on the $30 resistant point.
Currently up 1.20% in Friday's premarket session with the RSI at 54, NASDAQ:CHA stock is poised for the 160% surge.
Financial Performance
In 2024, Chagee Holdings's revenue was 12.41 billion, an increase of 167.35% compared to the previous year's 4.64 billion. Earnings were 1.44 billion, an increase of 172.35%.
Analyst Summary
According to 5 analysts, the average rating for CHA stock is "Buy." The 12-month stock price target is $31.18, which is an increase of 120.67% from the latest price.
About CHA
Chagee Holdings Limited, through its subsidiaries, owns, operates, and franchises teahouses under the CHAGEE brand name in the People’s Republic of China and internationally. The company engages in sale of tea drinks and related raw materials, packaging, teahouse equipment and other supplies. It operates through online platforms. The company was founded in 2017 and is based in Shanghai, the People’s Republic of China.
