Weekly Recap | Luckin Coffee +1.14%, consensus target 48% above spot
Weekly Review·
- Luckin Coffee ADR rose 1.14 % to close at 32.91 USD this week, outperforming the S & P 500 index.
- Key developments included celebrating 100 stores in Singapore and advancing a 1 billion USD Middle East expansion agreement with Mubadala.
- Fifteen covering institutions unanimously gave positive ratings with a consensus target price of 48.68 USD, representing a 47.93 % premium over the current price.
