YMM Crosses Above Average Analyst Target
May 17, 2024 at 06:48 AM EDT
In recent trading, shares of Full Truck Alliance Co Ltd (YMM) have crossed above the average analyst 12-month target price of $9.02, changing hands for $9.04/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..