JP Morgan Rates Full Truck Alliance (YMM) buy, $10 Price 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.

By EarningsIQ Research Desk · Published Jun 29, 2026, 1:01 PM EDT · Updated Jul 1, 2026, 1:01 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

JP Morgan rated Full Truck Alliance Co. Ltd. ($YMM) "buy" with a $10 price target on June 29, 2026.

Since the rating, $YMM is up 7.3% after 1 week, up 20.6% after 1 month and up 10.5% to date (from the $7.92 close on Jun 29, 2026).

YMM Full Truck Alliance Co. Ltd.

$8.75 -19.87% year to date

Daily close · Oct 16, 2026

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.

Get $YMM trade alerts by text

We text you when insiders, Congress or big funds trade $YMM. Free.

Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Full Truck Alliance Co. Ltd. alert may contain errors. Disclosures

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.

Analyst rating track record

JP Morgan vs. the S&P 500

YTD return -1.76% hypothetical

All-time return +35.95% S&P 500 +37.21%

vs. S&P 500 -1.26% behind the index

Hypothetical returns from JP Morgan's disclosed trades, not real profit or advice. How we model this.

Full Truck Alliance Co. Ltd. Stock Down 0.1%

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.

12-month forecast

$YMM price target

Full Truck Alliance Co. Ltd. daily closes and this analyst's $10 target. Not 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.