Citi raised the firm’s price target on Full Truck Alliance (YMM) to $15 from $13 and keeps a Buy rating on the shares. The firm also opened a “30-day positive catalyst watch” on the shares. Citi sees “re-rating opportunities” for the shares from increasing investor interest, saying Full Truck Alliance is as one of a few internet companies that still has an “encouraging tone” on its Q4 and 2025 outlooks. The company has “decent” earnings visibility into 2025 with multiple drivers behind commission revenue growth, especially on take rate improvement ahead, the analyst tells investors in a research note.
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Read More on YMM:
- Full Truck Alliance price target raised to $13 from $12 at Citi
- Full Truck Alliance Reports Strong Q3 2024 Growth
- Full Truck Alliance’s Strong Q3 Growth Boosts Market Confidence
- Morning Movers: Target tumbles following earnings release
- Full Truck Alliance reports Q3 EPS RMB 1.17 vs. RMB 0.78 last year
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
