Jefferies lowered the firm’s price target on Full Truck Alliance (YMM) to $13 from $13.20 and keeps a Buy rating on the shares. The firm notes the company reported Q3 results with a revenue beat, but non-GAAP earnings came in below consensus mainly due to higher tax expense. Mid-point of Q4 revenue guidance is ahead of consensus, Jefferies adds. The firm factors in slower fulfilled orders growth in Q4 as CNY happens late next year and trucker sentiment is enhanced following better experience.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on YMM:
- Options Volatility and Implied Earnings Moves Today, November 17, 2025
- Full Truck Alliance reports Q3 adjusted EPS 13c vs. 17c last year
- Full Truck Alliance sees Q4 revenue up 17.1%-22.5%
- YMM Earnings this Week: How Will it Perform?
- UBS Reiterates Buy Rating on Full Truck Alliance, Highlighting Growth Potential in China’s Dedicated LTL Segment