Luckin Coffee (OTCMKTS:LKNCY) Stock Rating Upgraded by The Goldman Sachs Group

Luckin Coffee (OTCMKTS:LKNCY) was upgraded by The Goldman Sachs Group to a “strong-buy” rating in a research note issued to investors on Sunday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Zacks Research upgraded shares of Luckin Coffee from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Jefferies Financial Group started coverage on shares of Luckin Coffee in a research report on Tuesday, June 9th. They set a “buy” rating and a $43.60 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $48.20.

Luckin Coffee Price Performance

LKNCY stock opened at $32.12 on Friday. Luckin Coffee has a 1-year low of $30.00 and a 1-year high of $43.64. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of 20.08 and a beta of -0.31. The business has a 50 day simple moving average of $32.29 and a two-hundred day simple moving average of $33.78.

About Luckin Coffee

Luckin Coffee Inc is a China-based coffeehouse chain that combines a digitally driven ordering platform with a network of physical outlets. The company’s mobile app and in-store kiosks enable customers to place orders for takeaway or delivery, while its proprietary supply chain supports rapid store expansion and consistent product quality. Luckin’s retail portfolio includes “grab-and-go” pickup points, delivery-only kitchens and full-service cafés designed to meet the varied needs of urban consumers.

Luckin’s menu features a broad range of espresso-based drinks, including lattes, Americanos and cold brews, complemented by tea-based beverages, fruit juices and a selection of light food items such as sandwiches and pastries.