5 Most Promising Chinese Stocks According to Analysts

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

Number of Hedge Fund Holders: 17

Average Upside Potential as of February 13: 36.43%

Full Truck Alliance Co. Ltd. (NYSE:YMM) is a leading Chinese trucking company. The company offers a variety of services for the trucking industry including freight listing, matching, and brokerage services among others. Full Truck Alliance Co. Ltd. (NYSE:YMM) is one of the most promising Chinese stocks to buy now according to analysts.

This February, Barclays analyst Jiong Shao took coverage of Full Truck Alliance Co. Ltd. (NYSE:YMM) with an Equal Weight rating and a $8 price target. Over the past 3 months, the stock has received 2 Buy ratings and 1 Hold rating from Wall Street analysts and has an average price target of $10, which represents an upside of 36.43% from its closing price on February 13.

At the end of the third quarter of 2022, 17 hedge funds held stakes in Full Truck Alliance Co. Ltd. (NYSE:YMM). The total value of these stakes was valued at $454.5 million. As of December 31, Farallon Capital is the largest shareholder in the company and has disclosed a position worth $347.5 million.

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