5 Fastest Growing Asian Stocks to Buy Now

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

On June 29, 2026, JPMorgan analyst Karen Li upgraded Full Truck Alliance Co. Ltd. (NYSE:YMM) to Overweight from Neutral with a price target of $10, up from $8.60. Li said the stock’s 28% year-to-date selloff has “priced in most of the key negatives and reset expectations to a low bar.” JPMorgan said consensus earnings forecasts have been cut by 30% from the peak, improving the stock’s risk/reward. The firm also said Full Truck’s regulatory overhang is “fading into business-as-usual,” while invoicing and credit are being rebuilt to remove tail risks.

On June 15, Nomura analyst Rachel Guo initiated coverage of Full Truck Alliance with a Buy rating and $11 price target. Guo said the company has “structural growth” potential from continued penetration of China’s digital freight platform market. Nomura expects the market to grow 8% annually through fiscal 2028, reaching CNY 687B by 2028, outpacing 4% annual growth in China’s overall road freight market. The firm said digital freight platforms address inefficiencies in matching shippers and truckers, and sees Full Truck maintaining its leadership position through “first-mover advantages.”

Last month, Full Truck Alliance reported Q1 EPS of 1c, unchanged from last year, and revenue of $412.93M, up from $372.06M last year. Average shipper MAUs reached 3.11M in Q1, up 12.7%. CEO Peter Hui Zhang said the business sustained “robust growth momentum,” with quarterly fulfilled orders up more than 14% year over year and average shipper MAUs up 13%. Zhang also said Full Truck will accelerate AI integration into core logistics workflows.

Full Truck Alliance Co. Ltd. (NYSE:YMM) operates a digital freight platform that connects shippers with truckers in the People’s Republic of China and Hong Kong.