Barclays analyst Jiong Shao lowered the firm’s price target on Full Truck Alliance to $6 from $8 and keeps an Equal Weight rating on the shares following the Q4 report. The company reported a “beat-and-raise” quarter, but investors focused on why the company is not renewing its share buyback, the analyst tells investors in a research note.
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- Full Truck Alliance announces $500M share repurchase program
- Full Truck Alliance sees Q1 revenue up 23.9%-27.1%, consensus $284.65M
- Full Truck Alliance reports Q4 EPS 10c, consensus 8c
- Full Truck Alliance Co. Ltd. (YMM) Q4 Earnings Cheat Sheet
- Full Truck Alliance named a ‘Catalyst Driven Idea’ at Morgan Stanley
