JP Morgan Upgrades Full Truck Alliance to 'Buy' with $10 Target
JP Morgan's Karen Li raises Full Truck Alliance's price target to $10, upgrading the stock to a 'buy', a 23.15% upside from the current price.
Key Points
- JP Morgan's Karen Li upgraded Full Truck Alliance to 'buy' with a new price target of $10 on June 29, 2026.
- JP Morgan's $10 price target implies 23.15% upside from Full Truck Alliance Co. Ltd.'s ($YMM) current $8.12 share price.
- Shares of NYSE:YMM traded near $7.72 on Monday, with a market cap of about $8.07 billion and a P/E ratio of 13.08.
- First Beijing Investment Ltd increased its stake in Full Truck Alliance by 13.38 million shares, now holding 90 million shares.
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JP Morgan has upgraded Full Truck Alliance Co. Ltd. (NYSE:YMM) to a 'buy' rating, with analyst Karen Li setting a new price target of $10. The upgrade, announced on June 29, 2026, reflects a positive outlook on the company's performance.
JP Morgan vs. the S&P 500
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Full Truck Alliance Co. Ltd. Stock Down 7.8%
Shares of NYSE:YMM traded near $7.72 on Monday. Full Truck Alliance has a market cap of approximately $8.07 billion. The company boasts a P/E ratio of 13.08 and a forward P/E of 9.06, indicating potential growth. Its beta of 0.292 suggests lower volatility compared to the market. The stock has a 52-week low of $7.46 and a high of $14.07, with a 50-day moving average of $8.57 and a 200-day moving average of $10.30.
$YMM price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Full Truck Alliance reported revenues of $12.64 billion, with a revenue growth rate of 5.5%. The company's net margin stands at 32.68%, and it has a return on equity of 10.45%. Investors can expect the next earnings report on August 20, 2026.
Other Institutional Activity in Full Truck Alliance
Among other institutional investors, First Beijing Investment Ltd grew its holdings by 13.38 million shares, ending with 90 million shares valued at about $747 million. Greenwoods Asset Management Hong Kong Ltd. also increased its stake by 12.36 million shares, now holding 40.96 million shares worth approximately $340 million. Conversely, Schroder Investment Management Group reduced its position by 13.09 million shares, bringing its total to 34.77 million shares valued at $289 million.
Insider Buying and Selling at Full Truck Alliance Co. Ltd.
Insider transactions have been active, with All-Stars Investment Ltd selling 1.2 million shares at an average price of $12.90 on March 31, 2025. HSG Growth IV Holdco Ltd also sold 1.06 million shares at $13.00 on March 11, 2025, under a planned sale.
Analysts Set New Price Targets
On June 29, 2026, JP Morgan upgraded Full Truck Alliance to a 'buy' with a $10 price target. The consensus among analysts is a 'buy' recommendation, with an average target price of $12.45 from 15 analysts.
About Full Truck Alliance Co. Ltd.
Full Truck Alliance Co. Ltd., based in Guiyang, China, operates a digital freight platform connecting shippers with truckers across China and Hong Kong. The company provides freight matching, brokerage, and value-added services, including credit solutions and insurance. Founded in 2011, it is led by CEO Mr. Hui Zhang and employs over 8,251 people.
Bottom Line
JP Morgan's upgrade of Full Truck Alliance to a 'buy' with a $10 target highlights confidence in the company's future prospects. Investors track these ratings to gauge market sentiment, but it's important to remember that such ratings are based on past performance and projections.
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