Full Truck Alliance Co (NYSE:YMM) Stock, Quote.Headers.trade-ideas

Full Truck Alliance Co

Full Truck Alliance Co Ltd, through its subsidiaries, provides comprehensive services for shippers and truckers through its mobile and website platforms. Its principal operations are in the People's Republic of China. The group derives its revenues principally from shippers and trucker's use of its platforms in connection with freight matching services and value-added services.

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Full Truck Alliance reported Q2 results with sales growth of 34.1%, exceeding expectations. FTA expects 21.9-24.6% growth in Q3. 

Full Truck Alliance Clocks 34% Sales Surge In Q2, Signals Continued Growth And Monetization Success

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Shares of  Clover Health Investments, Corp. (NASDAQ: CLOV) rose sharply during Wednesday’s session after the company reported better-than-expected fourth-quarter revenue results and issued FY24 insurance revenue guidance.

Why Clover Health Investments Shares Are Trading Higher By 11%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

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Full Truck Alliance extends its share repurchase program up to $300 million and declares a $0.0072 per share dividend.

Why Full Truck Alliance Shares Are Gaining Today

Full Truck Alliance Co. Ltd. American Depositary Shares (each representing 20 Class A Ordinary Shares)

Full Truck Alliance Co Ltd

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Wave Life Sciences Announced Interim Data From Ongoing Phase 2 FORWARD-53 study of WVE-N531 For Duchenne Muscular Dystrophy Who Are Amenable To Exon 53 Skipping, Showing Substantial Dystrophin Expression And That It Was Safe And Well Tolerated

CRDL

Cardiol Therapeutics Says Achieved Target Patient Enrollment Of 100 Patients In ARCHER Phase II Randomized, Double-blind, Placebo-controlled Trial

Morgan Stanley analyst Stephen Byrd maintains Sunrun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) with a Overweight and maintains $35 price target.

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Morgan Stanley Maintains Overweight on Sunrun, Maintains $35 Price Target

An issue weighing on swing state voters is the challenge of rental affordability. Many <a href="https://www.benzinga.com/real-estate/24/05/38949118/swing-state-housing-prices-could-sway-2024-election">continue to grapple with housing costs</a> that stretch their budgets to the breaking point.
Recent data issued by Redfin finds that the typical swing state renter now earns about 17% less than needed to comfortably afford the median-priced apartment. While this is an improvement from the 21% shortfall seen during the last election cycle, it highlights the ongoing struggle many face in securing affordable housing.
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The Redfin analysis examined rental markets in swing states, including Arizona, Nevada, Wisconsin, Michigan, Pennsylvania, Georgia and North Carolina.
Arizona improved most among the findings. Renters in the Grand Canyon State have seen gains in affordability since 2020, with the income gap shrinking from 12.4% to just 2.6%. That move has been attributed to a 32.2% increase in median renter household income, outpacing the 18.9% rise in median asking rents.
Not all swing states have fared as well, though.&nbsp;
Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</a>
Michigan is the sole swing state where rental affordability has worsened since the last election. The typical renter household now earns 16.3% less than needed for comfortable housing costs, deteriorating from the 11.2% shortfall in 2020. According to Redfin, the decline is partly due to a sharp 12.4% jump in asking rents over the past year, the steepest increase among the swing states.
Pennsylvania, meanwhile, has the most challenging renter landscape. With the highest median asking rent ($1,747) among the swing states and one of the lowest estimated median renter household incomes ($49,168), Pennsylvanians face a 29.6% income shortfall when it comes to affording the typical apartment.
Chief Economist at Redfin, Daryl Fairweather, said there is a disconnect between economic indicators and lived experiences. &#8220;While the economy has been improving on paper, that&#8217;s not what it feels like for many U.S. families,&#8221; Fairweather said in the report. &#8220;Many renters – especially young people – still feel the rent is too damn high.&#8221;
Trending: Elon Musk and Jeff Bezos are bullish on one city that could dethrone New York and become the new financial capital of the US.<a href="https://www.benzinga.com/money/miami-take-new-yorks-place-financial-capital"> Investing in its booming real estate market has never been more accessible.</a>
That sentiment could play an important role in shaping voter priorities as candidates crisscross battleground states. Their plans to address the housing affordability crisis will likely face scrutiny from voters feeling the pinch of high rental costs.
While the current landscape shows signs of improvement, the average swing state renter still spends about 36% of their income on housing – above the 30% threshold widely considered the benchmark for affordability. The figure has come down from nearly 39% during the last election cycle.
Experts point to the pandemic-era building boom as a factor in tempering rent increases. The surge in apartment supply has put downward pressure on rents in some markets, with Arizona seeing a notable 4.6% decline in asking rents over the past year.
As the election approaches, the gap between incomes and rental costs could be a potent force in <a href="https://www.benzinga.com/real-estate/24/05/39112751/home-values-in-swing-states-may-swing-the-2024-presidential-vote">shaping the political landscape of America&#8217;s swing states</a>.
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Real Estate

Swing State Renters Still Struggling, But Earning 17% Less Is An Improvement From 2020

Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is priming for more gains on Tuesday after the stock erased its losses for the year with a nearly 5% jump on Monday.
The catalyst that is potentially offering support on Tuesday is data out of China that showed that insured registered for Tesla vehicles remained healthy for the recent reporting week. The metric came in at 13,800 for the week of Sept. 16-22, down 11.54% from 15,600 in the previous reporting week, CnEVPost <a href="https://cnevpost.com/2024/09/24/china-ev-insurance-registrations-week-ending-sept-22-2024/">reported, </a>citing data from Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>).
See Also: <a href="https://www.benzinga.com/money/how-to-buy-tesla-stock">How To Buy Tesla (TSLA) Stock</a>
Commenting on the number, Future Fund&#8217;s Gary Black said the performance has come despite a two-day Mid-Autumn Festival national holiday. Through 12 weeks, third-quarter deliveries are up 18.5% year-over-year and 19.9% higher than the previous quarter, he said. &#8220;Still on track for TSLA China's best quarter ever,&#8221; he added.
The stock could gain more until the third-quarter delivery report, likely due next Wednesday, with potential upward revision by sell-side analysts due to China&#8217;s strength providing additional support.
In premarket trading, Tesla rose 1.16% to $252.90, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a> For the year, the stock is now up about 0.6%.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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Tech

TSLA

Tesla Stock Poised For More Gains After Erasing Losses For The Year: What's Charging Up The EV Maker?

FAASW

Trading Halt: Halt status updated at 7:30:00 AM ET: Quotation Resumption: News and Resumption Times

Morgan Stanley analyst Vikram Purohit maintains Foghorn Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FHTX#NASDAQ">FHTX</a>) with a Equal-Weight and raises the price target from $6 to $9.

FHTX

Morgan Stanley Maintains Equal-Weight on Foghorn Therapeutics, Raises Price Target to $9

Morgan Stanley analyst Brian Nowak maintains Maplebear (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>) with a Equal-Weight and lowers the price target from $45 to $41.

CART

Morgan Stanley Maintains Equal-Weight on Maplebear, Lowers Price Target to $41

Wedbush analyst David Chiaverini downgrades Customers Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBI#NYSE">CUBI</a>) from Outperform to Neutral and lowers the price target from $79 to $53.

Downgrades

CUBI

Wedbush Downgrades Customers Bancorp to Neutral, Lowers Price Target to $53

Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Cybertruck lead engineer Wes Morrill on Tuesday expressed disappointment over Grok-generated images of the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36039263/did-tesla-overpromise-and-underdeliver-with-the-cybertruck">stainless steel truck.</a>
What Happened: &#8220;I would wager X has the highest concentration of Cybertruck training images of any social media. So it&#8217;s extra disappointing when Grok absolutely nails the design aesthetic but has no clue what a Cybertruck looks like&#8230;,&#8221; Morrill wrote on social media platform X. 
The engineer also shared images of the Cybertruck generated by Grok, all of which show different forms but none resembling the Cybertruck&#8217;s angular design. While some images generated by Grok show the Cybertruck as a roadster vehicle, others show it as a sports car. None of them, according to Morrill, &#8220;quite hit the mark.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">More awesome designs that didn&#39;t quite hit the mark&#8230; <a href="https://t.co/BpTZvOQmrb">pic.twitter.com/BpTZvOQmrb</a>
&mdash; Wes (@wmorrill3) <a href="https://twitter.com/wmorrill3/status/1838464108355809474?ref_src=twsrc%5Etfw">September 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: Grok is the chatbot developed by Elon Musk&#8216;s artificial intelligence startup xAI as a rival to OpenAI&#8217;s ChatGPT. It is integrated with the billionaire&#8217;s social media platform X.
The Cybertruck, meanwhile, is the latest offering from Tesla, the EV company of which Musk is CEO.
The Cybertruck is known for its angular, stainless steel exterior, setting it apart from other vehicles. The unusual design, coupled with its high price point, has also made it a <a href="https://www.benzinga.com/general/entertainment/24/09/40926236/kim-kardashian-debuts-custom-metallic-silver-cybertruck-will-elon-musk-approve-the-celebrit">celebrity pick</a>.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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Photo courtesy: Shutterstock

Elon Musk's Grok AI Chatbot Has 'No Clue' What Tesla's Cybertruck Looks Like: Senior Exec Calls It 'Extra Disappointing'

FAAS

Trading Halt: Halt status updated at 7:25:00 AM ET: Quotation Resumption: News and Resumption Times

Wedbush analyst David Chiaverini upgrades Prosperity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PB#NYSE">PB</a>) from Neutral to Outperform and raises the price target from $75 to $90.

Upgrades

Wedbush Upgrades Prosperity Bancshares to Outperform, Raises Price Target to $90

OCTO

Eightco Receives Formal Notice From Nasdaq That Company Has Regained Compliance With Minimum Bid Price Requirement

Wedbush analyst David Chiaverini upgrades Columbia Banking System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>) from Neutral to Outperform and raises the price target from $28 to $31.

COLB

Wedbush Upgrades Columbia Banking System to Outperform, Raises Price Target to $31

Google Cloud today announced an expanded strategic partnership with Snap Inc. to power generative AI experiences within My AI, Snapchat's AI-powered chatbot and one of the largest consumer chatbots available today.
Snapchat will leverage the strong multimodal capabilities of Gemini on Vertex AI, particularly the technology's ability to understand and operate across different types of information like text, audio, image, video, and code, to offer more engaging and innovative features for the Snapchat community through My AI. For example, with Gemini on Vertex AI integrated into the app, Snapchatters can ask My AI to translate a photo of a street sign while traveling abroad, or take a video of different snack offerings to ask which one is the healthiest option.

GOOG

GOOGL

SNAP

Snap Partners with Google Cloud to Power Multi-Modal Generative AI Experiences Within its My AI Chatbot

NOVUS will work with Ginkgo to build more efficient enzymes that can be produced cost-effectively.

Ginkgo Bioworks Enters Its New Partnership With NOVUS International

Wedbush analyst David Chiaverini upgrades Comerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) from Neutral to Outperform and raises the price target from $52 to $75.

Wedbush Upgrades Comerica to Outperform, Raises Price Target to $75

Pebblebrook Hotel Trust Prices Private Placement Of $400M Of 6.375% Senior Notes Due 2029

Village Farms International Announced That It Has Acquired The Remaining Equity Ownership Interest In Leli Holland To Increase Equity Ownership To 100% From 85%

Overall the updated analysis reveals a 56% objective response rate (ORR) in patients treated with LODER, with the ORR increasing to 67% in patients whose previously non-resectable tumors became resectable. This marks a significant step forward in potentially improving surgical outcomes for LAPC patients.

SLXN

Silexion Therapeutics Announced New Findings From Its Phase 2 Trial Of LODER In Patients With Non-resectable Locally Advanced Pancreatic Cancer (LAPC) Which Bear KRAS G12D Or G12V Mutation-Filing

Baron International Growth Fund Q2 2024 Shareholder Letter

Full Truck Alliance Non-GAAP EPS of $0.13 in-line, revenue of $380.4M beats by $7.73M

Full Truck Alliance Co. Ltd. (YMM) Q2 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Full Truck Alliance Co (NYSE:<a href="https://investorplace.com/stock-quotes/ymm-stock-quote/">YMM</a>) just reported results for the second quarter of 2024.<ul><li>Full Truck Alliance Co reported earnings per share of 13 cents. This was above the analyst estimate for EPS of 12 cents.</li><li>The company reported revenue of $380.38 million.</li><li>This was 2.31% worse than the analyst estimate for revenue of $389.36 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/ymm-stock-earnings-full-truck-alliance-co-for-q2-of-2024/">YMM Stock Earnings: Full Truck Alliance Co Beats EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

YMM Stock Earnings: Full Truck Alliance Co Beats EPS, Misses Revenue for Q2 2024

Full Truck Alliance (YMM) has released an update. Full Truck Alliance Co. Ltd. (FTA) reported a robust financial performance for Q2 2024, with a 34...

FTA Reports Strong Growth in Q2 2024 Results

Barclays analyst Jiong Shao maintained a Hold rating on Full Truck Alliance (YMM – Research Report) today and set a price target of $7.00. The comp...

Barclays Keeps Their Hold Rating on Full Truck Alliance (YMM)

Full Truck Alliance: Positive On Strong Q2 Growth And Favorable Volume Guidance

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Full Truck Alliance Co (NYSE:<a href="https://investorplace.com/stock-quotes/ymm-stock-quote/">YMM</a>) just reported results for the second quarter of 2024.<ul><li>Full Truck Alliance Co reported earnings per share of 13 cents. This was above the analyst estimate for EPS of 12 cents.</li><li>The company reported revenue of $380.38 million.</li><li>This was 2.31% worse than the analyst estimate for revenue of $389.36 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div>	The post <a href="https://investorplace.com/earning-results/2024/08/ymm-stock-earnings-full-truck-alliance-co-for-q2-of-2024/">YMM Stock Earnings: Full Truck Alliance Co Beats EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The market's fascination with tech stocks reflects anticipation that these companies will drive the next phase of economic growth, and with that in mind, under $20 tech stocks with significant upside potential, Full Truck Alliance (YMM), CCC Intelligent Solutions (CCCS), and Sprinklr (CXM), that one might scoop up. Keep reading… With the world transforming into a digital world, the tech sector is again in the spotlight. Investors are particularly drawn to tech stocks due to their boosting return and revenue models, like subscriptions and Software-as-a-Service (SaaS), which provide predictable potential earnings in the future.
Given this landscape, it could be wise for investors to keep an eye on quality tech stocks Full Truck Alliance Co. Ltd. (<a href="https://stocknews.com/stock/YMM/">YMM</a>), CCC Intelligent Solutions Holdings Inc. (<a href="https://stocknews.com/stock/CCCS/">CCCS</a>), and Sprinklr, Inc. (<a href="https://stocknews.com/stock/CXM/">CXM</a>), which are trading under $20 and have high growth potential due to their disruptive technologies and unique business models. Moreover, these stocks have more than 30% upside potential.
From Artificial Intelligence (AI) and cloud computing to cybersecurity and digital payments, tech companies are leading the charge in redefining industries and consumer behaviors. Gartner's research further supports this optimism, predicting a 7.5% year-over-year increase in global IT spending in 2024, <a href="https://www.gartner.com/en/newsroom/press-releases/2024-07-16-gartner-forecasts-worldwide-it-spending-to-grow-7-point-5-percent-in-2024">expected to be valued at $5.26 trillion</a>.
According to a <a href="https://www.pwc.com/gx/en/issues/data-and-analytics/publications/artificial-intelligence-study.html">PwC report</a>, AI will have a significant impact in the coming years, contributing up to $15.70 trillion to the global economy by 2030. This, in turn, has led to strong earnings reports and optimistic outlooks from many tech companies, fueling investor confidence.
Let's now look at the featured stocks in detail:
Full Truck Alliance Co. Ltd. (<a href="https://stocknews.com/stock/YMM/">YMM</a>)
Headquartered in Guiyang, China, YMM is a freight dispatch platform mainly engaged in developing cloud computing, big data, mobile internet, and artificial intelligence technology. It also provides technology development and other services.
In terms of forward non-GAAP P/E, YMM is trading at 14.31x, 24.2% lower than the industry average of 18.89x. Likewise, the stock's forward EV/EBIT and Price/Cash flow multiples of 13.84 and 10.56 are 11.9% and 27.6% lower than their respective industry averages of 15.71 and 14.58.
In the second quarter that ended on June 30, 2024, YMM reported net revenue of RMB2.76 billion ($380.38 million). The company's result from adjusted <a href="https://www.investopedia.com/terms/i/ifo.asp">income from operations</a> came in at RMB698.97 million ($96.18 million), indicating a growth of 55.1% year-over-year. In addition, its adjusted net income amounted to RMB970.86 million ($133.59 million) and RMB0.05 per share, reflecting increases of 34.3% and 66.7% year-over-year, respectively.
For the third quarter of 2024, YMM expects total net revenues to be between RMB2.76 billion and RMB2.82 billion, representing a year-over-year growth of approximately 21.9% to 24.6%.
Analysts expect YMM's revenue for the third quarter (ending September 2024) to increase 23.1% year-over-year to $388.17 million, while its EPS for the same period is expected to grow 33.5% from the prior year to $0.15. Moreover, it topped the street revenue and EPS estimates in each of the trailing four quarters, which is excellent.
Over the past six months, the stock has surged 8.9%, closing the last trading session at $7.10.
Out of five analysts that rated YMM, four rated it Buy, while one rated it Hold. The 12-month median price target of $11.02 indicates <a href="https://www.tipranks.com/stocks/ymm/forecast">a 55.2% upside potential</a> from the last closing price. The price targets range from a low of $9 to a high of $12.
YMM's stance is apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has a B grade for Growth and Momentum. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
Among the 125 stocks in the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry, it is ranked #72. <a href="https://stocknews.com/stock/YMM/">Click here</a> to see the additional YMM ratings (Value, Stability, Sentiment, and Quality).
CCC Intelligent Solutions Holdings Inc. (<a href="https://stocknews.com/stock/CCCS/">CCCS</a>)
CCCS provides software as a service (SaaS) platform for the property and casualty (P&amp;C) insurance economy.  The company's cloud-based software serves as a service platform connecting trading partners, facilitating commerce, and enabling digital workflow across the platform through artificial intelligence.
On September 4, CCCS launched CCC&#xAE; Payroll, a new solution designed to streamline payroll management for collision repair shops. This new solution will enable shops to track production and labor within a single system, the CCC ONE&#xAE; Platform, simplifying the process and enhancing transparency.
On July 30, the company launched CCC&#xAE; Intelligent Reinspection, a new solution designed to help auto insurers streamline the review of incoming repair facility estimates, expediting repairer workflows and claims resolutions. This new solution will use AI-powered analysis and audit capabilities to assess incoming shop estimates based on insurer-provided rules.
In terms of forward Price/Book, CCCS is trading at 3.33x, 17.2% lower than the industry average of 4.02x.
CCCS' revenues for the second quarter (ended June 30, 2024) increased 9.9% year-over-year to $232.62 million. It reported an adjusted gross profit of $182.08 million, indicating a 12.4% growth from the prior year quarter with an adjusted gross profit margin of 78% (up 100 bps year-over-year).
The company's adjusted net income came in at $56.19 million and $0.09 per share, up 17.4% and 12.5% year-over-year, respectively. Also, its adjusted EBITDA increased 18.4% year-over-year, amounting to $95.79 million.
As per the business outlook for the fiscal year 2024, CCCS forecasts revenue to be between $941 million and $945 million. The company also expects adjusted EBITDA to range from $391 million to $395 million.
The consensus revenue estimate of $237.36 million for the fiscal third quarter (ending September 2024) represents a 7.3% increase year-over-year. The consensus EPS estimate of $0.09 for the same quarter indicates marginal improvement year-over-year. The company has an impressive surprise history; it surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
The stock has gained marginally over the past month to close the last trading session at $10.43.
Based on 10 Wall Street analysts offering 12-month price targets for CCCS in the last three months, <a href="https://www.tipranks.com/stocks/cccs/forecast">the average target price is $13.89</a>, indicating a 33.2% upside from the last price, with a high forecast of $15 and a low forecast of $13.
CCCS' POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system.
CCCS' has a B grade for Growth, Stability, and Sentiment. It is ranked #3 out of 18 stocks in the A-rated <a href="https://stocknews.com/category/software-saas/">Software - SAAS</a> industry. <a href="https://stocknews.com/stock/CCCS/">Click here</a> to see the other ratings of CCCS for Value, Momentum, and Quality.
Sprinklr, Inc. (<a href="https://stocknews.com/stock/CXM/">CXM</a>)
CXM provides enterprise cloud software products worldwide. The company operates the Unified Customer Experience Management platform, an AI-powered platform where its software enables customer-facing teams to collaborate across internal silos, communicate across digital channels, and leverage a complete suite of capabilities to deliver customer experiences.
On June 27, CXM expands its partnership with Snapchat to help brands manage all organic and paid Snapchat content in one unified platform. Brands will be able to post Snapchat Stories, publish Spotlight Content, and promote this organic content with ads all in Sprinklr, saving time and reducing costs while engaging a powerful audience.
In the same month, CXM and Reddit, Inc. announced their agreement to expand its strategic partnership. This partnership spans both Reddit's Data and Advertising APIs, with CXM openly as their first official partner.
In terms of forward EV/Sales, CXM is trading at 1.88x, which is 31.7% lower than the industry average of 2.75x. The stock's forward Price/Sales ratio of 2.41x is 11.9% below the industry average of 2.73x. Also, its forward EV/EBITDA multiple of 13.26 compares to the industry average of 13.77x.
For the second quarter of 2025, which ended on July 31, CXM's revenues increased 10.5% year-over-year to $197.21 million. Its non-GAAP gross profit came in at $143.61 million, up 5.8% year-over-year. The company's free cash flow increased 89.4% year-over-year, amounting to $16.53 million. Its non-GAAP net income for the quarter stood at $42.44 million or $0.15 per share.
For the full fiscal year, the company expects its subscription revenue to range between $710.50 million and $712.50 million. It also expects total revenue between $785 million and $787 million and non-GAAP operating income to range from $80.5 million to $81.5 million. Additionally, CXM expects its non-GAAP net income per share to fall between $0.32 and $0.33.
Street expects CXM's revenue for the third quarter (ending October 2024) to increase 5.5% year-over-year to $196.49 million. However, the consensus EPS estimate of $0.08 for the same period indicates a 27.3% year-over-year decline.
CXM shares have declined 1.5% intraday to close the last trading session at $7.36.
Based on 12 Wall Street analysts offering 12-month price targets for CXM in the last three months, <a href="https://www.tipranks.com/stocks/cxm/forecast">the average target price is $10.30</a>, indicating a 40% potential upside from the last price, with a high forecast of $17 and a low forecast of $8.
CXM's mixed fundamentals are reflected in its POWR Ratings. The stock has a B grade for Value and Quality. It is ranked #60 out of 125 stocks in the Software - Application industry.
Beyond what is stated above, we've also rated CXM for Growth, Momentum, Stability, and Sentiment. Get all CXM's ratings <a href="https://stocknews.com/stock/CXM/">here</a>.
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YMM shares were trading at $7.35 per share on Wednesday afternoon, up $0.25 (+3.52%). Year-to-date, YMM has gained 6.64%, versus a 16.12% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Dutta</h2> <img src='https:/wp-content/uploads/2021/08/Anushka-Dutta_Headshot_3.jpg' style="float:left; padding:5px;width:125px;">Anushka is an analyst whose interest in understanding the impact of broader economic changes on financial markets motivated her to pursue a career in investment research.<a href="https://stocknews.com/authors/?author=anushka-dutta">More...</a>The post <a href=https://stocknews.com/news/ymm-cccs-cxm-3-tech-stocks-under-20-with-big-upside/>3 Tech Stocks Under $20 With Big Upside</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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