Expansion and Growth: Chagee Holdings Limited has significantly expanded its presence in the Asia Pacific region, launching new tea houses in Indonesia, the Philippines, and Vietnam, and now operates over 7,338 locations globally, with a 75.3% year-over-year increase in overseas GMV.
Financial Performance: In Q3 2025, Chagee reported a total GMV of RMB7,929.5 million, with overseas markets contributing RMB300.3 million, despite a decline in overall revenue compared to the same quarter in 2024.
U.S. Market Entry: The company made its debut on the Nasdaq Global Select on April 17, raising approximately $411 million through its IPO, although shares have since closed lower than the initial offering price.
Challenges and Strategy: Despite facing heavy competition leading to revenue decline, Chagee's localization strategy and culturally-inspired product launches have shown success, particularly in Malaysia and the Philippines.
Wall Street analysts forecast CHA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CHA is 14.20 USD with a low forecast of 14.20 USD and a high forecast of 14.20 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
Wall Street analysts forecast CHA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CHA is 14.20 USD with a low forecast of 14.20 USD and a high forecast of 14.20 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
1 Sell
Moderate Sell
Current: 12.350
Low
14.20
Averages
14.20
High
14.20
Current: 12.350
Low
14.20
Averages
14.20
High
14.20
Jefferies
Buy
initiated
$503
Al Analysis
2026-01-07
Reason
Jefferies
Price Target
$503
Al Analysis
2026-01-07
initiated
Buy
Reason
Jefferies initiated coverage of Mixue (MXUGF) with a Buy rating and HK$503 price target as the firm started coverage on three leading China freshly-made drink brands across key price tiers. Among the group, the analyst prefers Guming and Mixue over Chagee (CHA) on growth visibility, the analyst tells investors.
Jefferies
Hold
initiated
$14
2026-01-07
Reason
Jefferies
Price Target
$14
2026-01-07
initiated
Hold
Reason
Jefferies initiated coverage of Chagee (CHA) with a Hold rating and $14 price target as the firm started coverage on three leading China freshly-made drink brands across key price tiers. Among the group, the analyst prefers Guming and Mixue (MXUGF) over Chagee on growth visibility, the analyst tells investors.
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JPMorgan
Underweight
initiated
$14.20
2025-11-13
Reason
JPMorgan
Price Target
$14.20
2025-11-13
initiated
Underweight
Reason
JPMorgan initiated coverage of Chagee (CHA) with an Underweight rating and $14.20 price target. Among China's "bubble & brew" sector, the firm prefers Luckin (LKNCY) and Guming as its top two picks and least prefers Chagee, the analyst tells investors.
Macquarie
Neutral
initiated
$19
2025-09-04
Reason
Macquarie
Price Target
$19
2025-09-04
initiated
Neutral
Reason
Macquarie initiated coverage of Chagee with a Neutral rating and $19 price target. The company had a successful core-product strategy, but lack of product innovation has hindered its sustainable growth, the analyst tells investors in a research note. Following consecutive quarters of negative SSS growth, Chagee's strongest catalyst could be a potential menu refresh, the firm added, further noting that the stock is currently trading at a "valuation trough" of 12-times expected earnings.
About CHA
Chagee Holdings Ltd is a holding company principally engaged in serving healthy and delicious freshly-made tea drinks. The Company’s main products include signature tea latte, teapuccino, iced oriental tea, teaspresso, and other creative tea drinks. The Company sells its products through CHAGEE brand. The Company is committed to providing universally appealing core menu, modernity powered by technology and effectively managed teahouse network. The Company mainly operates its businesses in the domestic and overseas markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
