Goldman Sachs Maintains Buy Rating for ZTO Express with $24 Target

Goldman Sachs maintains a Buy rating for ZTO Express with a $24.00 price target. The analyst consensus is Strong Buy with a price target consensus of $20.77, a 21.82% upside from current levels. J.P. Morgan also upgraded the stock to a Buy with a $21.00 price target. ZTO Express has a one-year high of $27.50 and a one-year low of $16.34, with an average volume of 3.18M.

ZTO Express (Cayman) (NYSE: ZTO) has seen a significant upgrade in its stock rating by several prominent financial institutions, indicating a positive outlook for the transportation company. On Thursday, JPMorgan Chase & Co. upgraded ZTO Express from a "neutral" rating to an "overweight" rating, setting a price target of $21.00 [1]. This upgrade suggests a potential upside of 16.98% from the company's current price.

Goldman Sachs maintains a "Buy" rating for ZTO Express with a price target of $24.00, while the analyst consensus is "Strong Buy" with a price target consensus of $20.77, indicating a 21.82% upside from current levels [2]. J.P. Morgan also upgraded the stock to a "Buy" with a price target of $21.00.

ZTO Express has a one-year high of $27.50 and a one-year low of $16.34, with an average volume of 3.18 million shares. The company's stock has been trading at approximately $17.95, reflecting a market capitalization of $10.74 billion. The company's recent earnings report showed adjusted earnings per share of RMB2.71 ($0.37) for the first quarter of 2025, which fell short of the consensus estimate of RMB2.93. However, the company's adjusted net income rose by 1.6% to RMB2.26 billion ($311.3 million).

Despite the earnings miss, analysts remain optimistic about ZTO Express's prospects. The company's inclusion in the Hang Seng Index as a blue-chip stock is expected to enhance liquidity and positively affect investor sentiment. The intense competition within the industry is likely to lead to consolidation in the second half of 2025, with ZTO Express being well-positioned to benefit from this trend.

References:
[1] https://www.marketbeat.com/instant-alerts/jpmorgan-chase-co-upgrades-zto-express-cayman-nysezto-to-overweight-2025-05-29/
[2] https://au.investing.com/news/analyst-ratings/jpmorgan-raises-zto-express-stock-rating-cuts-price-target-to-21-93CH-3866716