Equities researchers at KeyCorp initiated coverage on shares of Luckin Coffee (NYSE:LK) in a research report issued on Tuesday, Marketbeat.com reports. The brokerage set an “overweight” rating and a $22.00 price target on the stock. KeyCorp’s price target indicates a potential upside of 20.95% from the company’s previous close.
A number of other research analysts have also recently commented on LK. Zephirin Group initiated coverage on shares of Luckin Coffee in a report on Friday, May 17th. They issued a “buy” rating and a $32.00 target price for the company. Needham & Company LLC initiated coverage on shares of Luckin Coffee in a report on Tuesday. They issued a “buy” rating and a $27.00 target price for the company. Finally, Morgan Stanley initiated coverage on shares of Luckin Coffee in a report on Tuesday. They issued an “equal weight” rating and a $21.00 target price for the company. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $25.20.
LK stock opened at $18.19 on Tuesday. Luckin Coffee has a 12 month low of $13.71 and a 12 month high of $25.96.
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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