Grab's Big Quarter Has Some Analysts Seeing Further Stock Gains [Yahoo! Finance Canada]
Grab Holdings Limited (GRAB)
Company Research
Source: Yahoo! Finance Canada
(Bloomberg) -- There are more gains to come in Grab Holdings Ltd.'s stock after a 35% surge so far this quarter, according to some analysts. Most Read from Bloomberg The ride-hailing and delivery firm will boost its profit as it fends off competition and benefits from scale, according to Evercore ISI International Ltd., which recently raised the stock's price target to $8 from $7. That implies a 56% upside from the shares' current level. Analysts expect the company to swing back to a $6.5 million operating profit in the current quarter, from a $38 million loss in the preceding three months, according to data compiled by Bloomberg. Singapore-based Grab, whose stock rally this quarter made it the global outperformer in its sector, may finally be fulfilling years of promises as it has achieved dominance in Southeast Asia's ride-hailing and online food delivery sales, warding off its major rival GoTo Group from Indonesia. Despite the latest turnaround, the challenge will be for G
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GRAB
News
- Top Cheap Stocks Under $10 to Buy for Big Gains in 2025 [Yahoo! Finance]Yahoo! Finance
- Is Grab (GRAB) Stock Outpacing Its Business Services Peers This Year? [Yahoo! Finance]Yahoo! Finance
- Is It Worth Investing in Grab (GRAB) Based on Wall Street's Bullish Views? [Yahoo! Finance]Yahoo! Finance
- Grab Holdings Limited (NASDAQ: GRAB) was downgraded by analysts at Hsbc Global Res from a "strong-buy" rating to a "hold" rating.MarketBeat
- Grab Holdings Limited (NASDAQ: GRAB) was downgraded by analysts at HSBC Holdings plc from a "buy" rating to a "hold" rating. They now have a $5.50 price target on the stock, up previously from $4.25.MarketBeat
GRAB
Earnings
- 11/11/24 - Beat
GRAB
Sec Filings
- 12/11/24 - Form 144
- 12/9/24 - Form 144
- 11/27/24 - Form 144
- GRAB's page on the SEC website