Day Trading Goal
  • Investing
  • Economy
  • Editor’s Pick
  • Latest News
  • Investing
  • Economy
  • Editor’s Pick
  • Latest News
No Result
View All Result
Day Trading Goal
No Result
View All Result
Home Editor's Pick

Luckin Coffee stock rare pattern points to a surge after US expansion

admin by admin
July 1, 2025
in Editor's Pick
0
Luckin Coffee stock rare pattern points to a surge after US expansion
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Luckin Coffee stock price continues its strong uptrend as its growth momentum gains steam. LKNCY jumped to a high of $37.27 on Monday, its highest point since April 3, and 117% above its lowest level last year. It has also formed a highly bullish pattern, pointing to more gains.

Luckin Coffee stock rises after US expansion

Luckin Coffee, a popular coffee chain in China, continued its uptrend this week after expanding in the United States. It opened two locations in the United States, a move that will lead to more competition to Starbucks, its embattled rival. 

The company hopes to replicate its success in China in the United States, where it hopes to be a big player. Like in China, it will likely aim to compete in terms of pricing, a move that may impact Starbucks margins. For example, it is promoting a $1.99 drink deal on its applications. 

Luckin Coffee has been on a strong growth trajectory in recent years, expanding from a handful of locations to over 24,000 globally. It has already overtaken Starbucks in China, and is now eying global domination by launching in places like Malaysia and Singapore. Media reports suggest that Starbucks may be eying exiting China.

Some of the potential markets it could enter in the future are in South Korea, Japan, Canada, United Kingdom, and Turkey. Starbucks has over 1,870 locations in South Korea, 1,733 in Japan, 1,458 in Canada, and 1,266 in the UK. These could become good places for it to expand to. 

Read more: Luckin Coffee stock analysis: Is Cotti Coffee a big threat?

Growth to continue

The most recent results showed that Luckin Coffee’s business was growing rapidly. Its revenues jumped by 42% to RMB 8.9 billion, while its gross merchandise volume soared by 42% to RMB 10.4 billion. This growth happened as the average monthly transacting customers soared to over 74.3 million. 

Luckin Coffee’s growth is notable because Starbucks, its biggest competitor, is deteriorating and is implementing a turnaround effort. 

Its strong footprint is largely due to its franchise model, with self-operating stores accounting for 8.1%. Revenue from the self-operated stores was RMB 6.4 billion, a figure that has continued growing.

Wall Street analysts anticipate that Luckin Coffee’s business will continue growing in the coming years. The average estimate is that its revenue will grow by 32.6% this year to $6.26 billion, followed by $7.23 billion next year.

Luckin Coffee stock price analysis

Luckin Coffee stock chart | Source: TradingView

The daily chart shows that the Luckin Coffee share price has jumped in the past few months. This rally started after it bottomed at $17.27 on August 2.

It has formed a cup-and-handle pattern, and is now completing the formation of the handle section. This cup has a depth of about 55%, meaning that the stock has a target of $60. This target is estimated by measuring the same distance from the cup’s upper side.

A drop below the lower side of the handle section at $24 will invalidate the bullish Luckin Coffee stock price target.

The post Luckin Coffee stock rare pattern points to a surge after US expansion appeared first on Invezz


Previous Post

Top FTSE 100 Index shares to watch: Rolls-Royce, Lloyds, BT, Aviva

Next Post

Top crypto price predictions: Algorand, Arbitrum, Polygon

Next Post
Top crypto price predictions: Algorand, Arbitrum, Polygon

Top crypto price predictions: Algorand, Arbitrum, Polygon

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • Trending
    • Comments
    • Latest
    Best crypto to buy as Fed officials hint at interest rate cuts

    Best crypto to buy as Fed officials hint at interest rate cuts

    June 24, 2025
    CAC 40 and DAX indices have crashed: buy the dip?

    CAC 40 and DAX indices have crashed: buy the dip?

    June 13, 2025
    Howard Schultz says he ‘did a cartwheel’ when Starbucks CEO Niccol coined ‘back to Starbucks’ strategy

    Howard Schultz says he ‘did a cartwheel’ when Starbucks CEO Niccol coined ‘back to Starbucks’ strategy

    June 13, 2025
    Walmart is using its own fintech firm to provide credit cards after dumping Capital One

    Walmart is using its own fintech firm to provide credit cards after dumping Capital One

    June 11, 2025
    USD/CAD forecast as the US dollar index (DXY) crashes

    USD/CAD forecast as the US dollar index (DXY) crashes

    0
    White House urges Iran to accept nuclear deal as IAEA reports uranium enrichment spike

    White House urges Iran to accept nuclear deal as IAEA reports uranium enrichment spike

    0
    Israel hostage deal in doubt as Hamas adds demands, US envoy calls terms ‘unacceptable’

    Israel hostage deal in doubt as Hamas adds demands, US envoy calls terms ‘unacceptable’

    0
    Iran condemns Austria over report on advanced nuclear weapons program

    Iran condemns Austria over report on advanced nuclear weapons program

    0
    USD/CAD forecast as the US dollar index (DXY) crashes

    USD/CAD forecast as the US dollar index (DXY) crashes

    July 1, 2025
    Top crypto price predictions: Algorand, Arbitrum, Polygon

    Top crypto price predictions: Algorand, Arbitrum, Polygon

    July 1, 2025
    Luckin Coffee stock rare pattern points to a surge after US expansion

    Luckin Coffee stock rare pattern points to a surge after US expansion

    July 1, 2025
    Top FTSE 100 Index shares to watch: Rolls-Royce, Lloyds, BT, Aviva

    Top FTSE 100 Index shares to watch: Rolls-Royce, Lloyds, BT, Aviva

    July 1, 2025

    Recent News

    USD/CAD forecast as the US dollar index (DXY) crashes

    USD/CAD forecast as the US dollar index (DXY) crashes

    July 1, 2025
    Top crypto price predictions: Algorand, Arbitrum, Polygon

    Top crypto price predictions: Algorand, Arbitrum, Polygon

    July 1, 2025
    Luckin Coffee stock rare pattern points to a surge after US expansion

    Luckin Coffee stock rare pattern points to a surge after US expansion

    July 1, 2025
    Top FTSE 100 Index shares to watch: Rolls-Royce, Lloyds, BT, Aviva

    Top FTSE 100 Index shares to watch: Rolls-Royce, Lloyds, BT, Aviva

    July 1, 2025

    Popular News

    USD/CAD forecast as the US dollar index (DXY) crashes

    USD/CAD forecast as the US dollar index (DXY) crashes

    July 1, 2025
    Top crypto price predictions: Algorand, Arbitrum, Polygon

    Top crypto price predictions: Algorand, Arbitrum, Polygon

    July 1, 2025

    Latest News

    • USD/CAD forecast as the US dollar index (DXY) crashes
    • Top crypto price predictions: Algorand, Arbitrum, Polygon
    • Luckin Coffee stock rare pattern points to a surge after US expansion
    • Top FTSE 100 Index shares to watch: Rolls-Royce, Lloyds, BT, Aviva

    About DayTradingGoal

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 Daytradinggoal.com All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Economy
    • Editor’s Pick
    • Latest News

    Copyright © 2025 Daytradinggoal.com All Rights Reserved.