So Young (SY.US) continued its pre-market ascent today, climbing 5.42% to $4.47. This follows yesterday's intraday surge of over 24% to $4.78, which pushed the stock to its highest level since September 14, 2021—a peak not seen in nearly four years. Impressively, since late June, So Young's shares have skyrocketed, with June alone delivering a 260% gain and July adding about 37%, culminating in a staggering year-to-date increase of approximately 430%.
Catalyst for this rally includes Citigroup analyst Nelson Cheung's recent upgrade of So Young from "Neutral" to "Buy," alongside a sharp target price hike from $0.80 to $5.50. Industry experts attribute the sustained momentum to robust growth in the company's chain business, now a core strategic focus.
On November 14, 2024, So Young introduced its light medical aesthetics chain brand, So Young Youth Clinic, which has rapidly expanded to 31 locations across nine cities. Chairman and CEO Jin Xing outlined ambitious plans for a 1,000-store chain to broaden consumer reach, with expansion targeting key cities such as Tianjin, Xi'an, Nanjing, and Wuxi starting this year.
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