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

Full Truck Alliance (NYSE:YMM) had its target price lifted by equities researchers at Citigroup from $13.00 to $15.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 30.49% from the company’s current price.

Separately, Barclays cut their target price on shares of Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Friday, August 23rd.

Full Truck Alliance Stock Performance

Shares of NYSE:YMM opened at $11.50 on Tuesday. Full Truck Alliance has a 52 week low of $5.70 and a 52 week high of $12.47. The company has a market cap of $12.11 billion, a PE ratio of 27.37 and a beta of 0.28. The firm has a 50 day simple moving average of $9.44 and a 200 day simple moving average of $8.51.

Institutional Trading of Full Truck Alliance

Several institutional investors have recently modified their holdings of the company. Tobam acquired a new stake in shares of Full Truck Alliance during the 2nd quarter valued at about $35,000. Blue Trust Inc. bought a new position in Full Truck Alliance during the second quarter worth about $38,000. Atomi Financial Group Inc. boosted its holdings in Full Truck Alliance by 12.4% during the second quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company’s stock valued at $97,000 after purchasing an additional 1,329 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of Full Truck Alliance in the 3rd quarter valued at approximately $151,000. Finally, Scientech Research LLC acquired a new position in shares of Full Truck Alliance in the 2nd quarter worth approximately $156,000. Institutional investors and hedge funds 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.