Intellifinance App learned that Forbes Advisor's latest June best growth stock list includes YMM.US. Forbes Advisor's best growth stock list aims to identify stocks with excellent growth indicators that will continue to grow in the coming years.

According to Forbes Advisor's report, analysts predict that the median annual EPS growth rate of S&P 500 index components over the next five years is 8.5%, and the best-performing components' growth rates are two to three times or even more of this benchmark.

YMM ranks in the list of best growth stocks.

Forbes Advisor has identified 10 best growth stocks based on recent and anticipated earnings growth:

Each stock on the list trades on a US exchange and has a market cap of at least $500 million and an average daily trading volume of at least 500,000 shares, and also meets the following criteria:

Strong expectations for future growth. Analysts expect a minimum 20% annual EPS growth rate over the next five years, with next year's growth rate expected to exceed 5%.

Excellent historical growth trends. The company's earnings increased by at least 20% last year and this year's earnings are expected to increase by more than 5%.

Sound financial condition. Each company must receive an 'A' or 'B' rating from Morningstar's financial health rating.

Expansion without issuing new shares. The company's repurchase yield over the past year must be equal to or greater than 0%, which means that the company does not provide funds for development by issuing shares because issuing shares will also dilute shareholder equity.

Forbes Advisor emphasizes that since YMM's initial public offering (IPO) in 2021, revenue and profit indicators have grown every year. Forbes Advisor expects YMM's average annual EPS growth rate for the next five years to be as high as 29%.

Forbes Advisor stated that although YMM's P/E ratio is 27.9 times, slightly above S&P 500 index's 23.6 times, YMM's future five-year growth prospects are still significantly ahead of typical S&P 500 index components.

YMM performance is outstanding and is liked by Wall Street.

Intellifinance App learned that Full Truck Alliance Group matches dispersed truck drivers with small and medium-sized shippers for end-to-end transactions, and its business model includes freight brokerage services, transaction services, value-added services, and membership services.

In the past few years, the company's goal has been to grow in scale. From 2019 to 2023, revenue grew from CNY 2.581 billion to CNY 8.436 billion, with a compound annual growth rate of 48.4%. After achieving the first profitable year in 2022, the scale effect began to show, and profitability continued to improve, achieving high-quality balanced development of growth and profitability.

Outstanding performance and optimistic prospects have also won Full Truck Alliance Group favor by Wall Street analysts.

According to TipRanks data, Wall Street analysts rated Full Truck Alliance Group as a 'strong buy', with an average target price of $11.02, 22% higher than the closing price on June 14th.

Since the beginning of this year, Full Truck Alliance Group's stock price has risen by more than 30%.