5 Cheap Chinese Stocks to Buy According to Analysts

4. Full Truck Alliance Co. Ltd. (NYSE:YMM)

Average Price Target: $11.07
Upside Potential: 49%
Price to Earnings Multiple: 25

Headquartered in Guiyang, China, Full Truck Alliance Co. Ltd. (NYSE:YMM) operates a digital freight platform connecting shippers with truckers. Its core business enables shipments across distance ranges and cargo weights across China. As the Chinese economy opens up and grows from the COVID-19 slowdown, the company is expected to see strong business amid increased spending in the economy.

It delivered impressive Q1 2023 results, with revenue increasing 27.71%, attributed to improved activity among truckers and shippers that drove daily order volume higher. While trading with a price-to-earnings multiple of 25, Full Truck Alliance Co. Ltd. (NYSE:YMM) commands an average analyst price target of $11.07  representing  49% upside potential.

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