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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.