Chagee (CHA, Financial) has garnered an Overweight rating from Morgan Stanley, which also set a price target of $37.50. The company is positioned as a leader in China's premium freshly brewed tea market, projected to hold a 20% store count share by 2024. This leadership position differentiates Chagee from its competitors.
The firm anticipates notable annual sales growth for Chagee, predicting increases of 22%, 23%, and 21% for 2025, 2026, and 2027, respectively. Additionally, earnings are expected to grow at a compound annual growth rate of 17% from 2024 to 2027. These projections underscore Chagee's potential for sustained financial performance in the coming years.
