Full Truck Alliance (NYSE:YMM) Stock Price Expected to Rise, Barclays Analyst Says

Full Truck Alliance (NYSE:YMM) had its target price lifted by equities research analysts at Barclays from $7.00 to $13.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 2.86% from the company’s previous close.

YMM has been the subject of several other reports. Citigroup lifted their target price on Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $13.00 to $18.00 in a research report on Thursday. Hsbc Global Res upgraded shares of Full Truck Alliance to a “strong-buy” rating in a report on Wednesday, February 26th. Finally, HSBC began coverage on shares of Full Truck Alliance in a report on Wednesday, February 26th. They set a “buy” rating and a $18.00 price target on the stock. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $16.00.

Full Truck Alliance Stock Down 4.0 %

NYSE YMM opened at $12.64 on Monday. Full Truck Alliance has a twelve month low of $6.57 and a twelve month high of $13.53. The business has a 50-day moving average price of $11.63 and a 200-day moving average price of $9.98. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 29.94 and a beta of 0.25.

Institutional Trading of Full Truck Alliance

A number of large investors have recently modified their holdings of YMM. SBI Securities Co. Ltd. purchased a new position in Full Truck Alliance during the 4th quarter worth $64,000. Townsquare Capital LLC purchased a new position in shares of Full Truck Alliance during the fourth quarter valued at $111,000. Wolverine Trading LLC bought a new stake in shares of Full Truck Alliance in the fourth quarter valued at about $115,000. Vise Technologies Inc. purchased a new stake in Full Truck Alliance in the fourth quarter worth about $130,000. Finally, Truist Financial Corp bought a new position in Full Truck Alliance during the 4th quarter worth about $143,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

About Full Truck Alliance

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.