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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