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Stock impact report

Analysts Stay Confident in Grab Holdings Limited (GRAB) Even as Shares Lag [Yahoo! Finance]

Grab Holdings Limited (GRAB) 
Company Research Source: Yahoo! Finance
Buy rating on Grab Holdings Limited (NASDAQ:GRAB), setting a price target of $7. Slightly above the consensus 1-year median price target of $6.95, the firm's guidance reflects an upside potential of nearly 58%. Later on January 19, BofA Securities upgraded Grab Holdings Limited (NASDAQ:GRAB) to Buy from Neutral, keeping an unchanged price target of $6.30. Despite the stock's underperformance, with the stock down 17.85% in the last six months, the firm remains confident in the company. For core mobility and deliveries businesses, the firm highlighted muted competition and better margins, and thus projected a 17% CAGR for gross merchandise value (GMV) from FY24 to FY27. Pixabay/Public domain What's even more interesting is Grab Holdings Limited (NASDAQ:GRAB)'s over $5 billion net cash position, which the firm believes reduces the downside risk. That said, higher-than-anticipated performance in GrabMart or quick commerce operations can lead to additional upside, BofA Securities ass Show less Read more
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