• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

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

by July 1, 2025
by July 1, 2025

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

0 comment
0
FacebookTwitterPinterestEmail

previous post
Top FTSE 100 Index shares to watch: Rolls-Royce, Lloyds, BT, Aviva
next post
Asian markets open: Japan’s Nikkei falls 1.1%, Sensex poised for tepid start

Related Posts

Here’s why the Meituan share price is rising...

July 21, 2025

Asian stocks were broadly higher: Hang Seng up...

July 21, 2025

Is Trump’s tariff threat destroying the US-EU trade...

July 21, 2025

Reliance shares fall despite record profit jump: should...

July 21, 2025

European stocks open flat as Trump tariffs weigh...

July 21, 2025

India’s H1 2025 sees record renewable energy capacity...

July 21, 2025

Reliance’s $10B clean energy push: doubling down on...

July 21, 2025

Top catalysts to move the SCHD and JEPI...

July 21, 2025

Google, Meta face summons from India’s financial crime...

July 20, 2025

HDFC Bank Q1 results beat estimates with 12%...

July 20, 2025

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.

Recent Posts

  • Business Conditions Monthly May 2025

    July 21, 2025
  • Can ChatGPT Exist Without Fossil Fuels? I Asked — Here’s What It Said

    July 21, 2025
  • Can ChatGPT Exist Without Fossil Fuels? I Asked — Here’s What It Said

    July 21, 2025
  • Here’s why the Meituan share price is rising today

    July 21, 2025
  • Asian stocks were broadly higher: Hang Seng up 0.6%, Kospi surges 0.5%

    July 21, 2025
  • Is Trump’s tariff threat destroying the US-EU trade relationship?

    July 21, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 6

    Elon Musk says federal employees must fill out productivity reports or resign

    February 23, 2025
  • 7

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025

Categories

  • Economy (1,897)
  • Editor's Pick (185)
  • Investing (185)
  • Stock (1,258)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

FedEx stock dips after weak earnings: opportunity...

March 22, 2025

Box stock price forecast ahead of earnings:...

May 25, 2025

Top stock price forecast: Adobe, SentinelOne, ZIM...

March 11, 2025