Morgan Stanley Maintains Overweight on Full Truck Alliance (YMM) March 2026

Morgan Stanley maintained an Overweight rating on Full Truck Alliance Co. Ltd. (YMM) on March 12, 2026, citing resilience expectations for 2026. The reaffirmation is the main recent change in the YMM analyst rating landscape and signals steady analyst confidence rather than a directional trade call. Morgan Stanley did not publish a new price target with the note. Investors should view the reiteration as continued conviction in growth drivers tied to trucker engagement and service monetization.