Barclays Reaffirms Hold Rating on Full Truck Alliance (YMM), Jefferies Keeps Buy
Full Truck Alliance Co., Ltd. (NYSE:YMM) is one of the Chinese tech stocks to buy now. On November 19, Barclays reaffirmed a Hold rating on Full Truck Alliance Co., Ltd. (NYSE:YMM) shares and kept a $12 price target on the stock.
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Two days earlier, Jefferies had cut its price target for Full Truck’s stock from $13.20 to $13.00 and kept a Buy rating. This decision came hours after Full Truck’s Q3 2025 earnings, in which the company reported revenue above expectations. Jefferies highlighted that Full Truck’s revenue increased 25.14% over the last twelve months, and that it maintained gross profit margins at 90.92%. The firm noted that this growth was driven by stronger-than-anticipated freight brokerage segment performance.
Jefferies also noted that Full Truck’s non-GAAP operating profit exceeded projections. However, the firm stated that higher tax expenses led to the company’s non-GAAP earnings undershooting consensus estimates. Although the firm expects slower growth in Full Truck’s fulfilled orders in Q4, the analysts noted that the midpoint of its Q4 revenue guidance is ahead of consensus.
Full Truck Alliance Co., Ltd. (NYSE:YMM) is China’s leading digital freight platform. The company connects shippers with truckers through its mobile-based marketplace, streamlining logistics and reducing inefficiencies in the trucking industry.
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Disclosure: None. This article is originally published at Insider Monkey.
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