Needham analyst Vincent Yu maintained a Buy rating on Luckin Coffee (LK) yesterday and set a price target of $40.00. The company’s shares closed last Monday at $40.34.
Yu has an average return of 83.5% when recommending Luckin Coffee.
According to TipRanks.com, Yu is ranked #1542 out of 5925 analysts.
Currently, the analyst consensus on Luckin Coffee is a Moderate Buy with an average price target of $46.00.
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Based on Luckin Coffee’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $75.81 million. In comparison, last year the company had a GAAP net loss of $209 million.
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Luckin Coffee, Inc. manufactures coffee and operates coffee retail stores. The firm’s new retail model is built upon mobile apps and store network. The Mobile Apps: Mobile apps cover the entire customer purchase process.
