Full Truck Alliance (YMM) Price Surpasses Analyst Target, What’s Next?
In the latest trading session, shares of Full Truck Alliance Co Ltd (Symbol: YMM) traded above the average analyst 12-month target price of $10.94, reaching $12.28 per share. When a stock meets an analyst’s target, they typically have two options: either downgrade the stock due to valuation or adjust their target price upward. The response may depend on positive developments within the company fueling its price increase—if fundamentals improve, it could be time for analysts to raise their target.
Currently, Zacks provides five different analyst targets for Full Truck Alliance Co Ltd, giving rise to the average of $10.94. However, this average comprises a range of opinions. Some analysts maintain lower targets, with one forecasting a price of $7.00, while another has set a target as high as $13.00. The standard deviation among these targets stands at $2.493, indicating the varying levels of sentiment among analysts.
The purpose of examining the average YMM price target is to capture the collective insights from various analysts, rather than relying on a single expert opinion. With YMM’s share price surpassing the average of $10.94, investors are encouraged to reevaluate the company and ask: is $10.94 merely a waypoint toward an even higher target, or has the stock’s valuation reached a point where it’s prudent to consider selling? Below is a summary of current analyst ratings for Full Truck Alliance Co Ltd:
| Recent YMM Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 4 | 4 | 4 | 4 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 1 | 1 | 1 | 1 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.42 | 1.42 | 1.42 | 1.42 |
The average rating of 1.42 indicates a favorable outlook, where ratings are scored from 1 (Strong Buy) to 5 (Strong Sell). This analysis utilized data from Zacks Investment Research via Quandl.com.
10 ETFs With Most Upside To Analyst Targets »
Additional Resources:
- ERIE Next Dividend Date
- BFIN Historical Earnings
- NTLA Average Annual Return
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
