Grab (GRAB) – Investment Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Grab (NASDAQ: GRAB):

• 11/22/2024 – Grab was downgraded by analysts at Bank of America Co. from a “buy” rating to an “underperform” rating. They now have a $4.90 price target on the stock.
• 11/21/2024 – Grab was downgraded by analysts at China Renaissance from a “buy” rating to a “hold” rating. They now have a $5.40 price target on the stock.
• 11/13/2024 – Grab had its price target raised by analysts at Barclays PLC from $4.70 to $5.50. They now have an “overweight” rating on the stock.
• 11/13/2024 – Grab had its price target raised by analysts at Mizuho from $5.00 to $6.00. They now have an “outperform” rating on the stock.
• 11/12/2024 – Grab had its price target raised by analysts at JPMorgan Chase & Co. from $5.00 to $5.70. They now have an “overweight” rating on the stock.
• 11/12/2024 – Grab had its price target raised by analysts at Evercore ISI from $7.00 to $8.00. They now have an “outperform” rating on the stock.
• 11/12/2024 – Grab had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $6.00 price target on the stock.
• 10/23/2024 – Grab is now covered by analysts at Daiwa Capital Markets. They set an “outperform” rating and a $4.60 price target on the stock.

Grab Stock Performance

Shares of GRAB opened at $5.18 on Tuesday. The company has a market capitalization of $20.86 billion, a PE ratio of -259.00 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The company’s 50 day moving average price is $4.25 and its 200 day moving average price is $3.74. Grab Holdings Limited has a 52 week low of $2.90 and a 52 week high of $5.72.

Grab (NASDAQ:GRAB) last issued its earnings results on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The company had revenue of $716.00 million for the quarter, compared to analyst estimates of $705.40 million. During the same period in the prior year, the firm posted ($0.02) EPS. Research analysts expect that Grab Holdings Limited will post -0.03 EPS for the current fiscal year.

Institutional Trading of Grab

Several large investors have recently modified their holdings of GRAB. Baillie Gifford & Co. acquired a new stake in Grab during the second quarter worth about $166,587,000. Point72 Asset Management L.P. acquired a new stake in shares of Grab in the 2nd quarter valued at $57,696,000. Wellington Management Group LLP increased its holdings in shares of Grab by 13.4% during the third quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company’s stock worth $472,394,000 after buying an additional 14,671,388 shares in the last quarter. Coronation Fund Managers Ltd. increased its stake in shares of Grab by 29.7% in the second quarter. Coronation Fund Managers Ltd. now owns 45,452,613 shares of the company’s stock valued at $161,357,000 after buying an additional 10,410,574 shares in the last quarter. Finally, Tree Line Advisors Hong Kong Ltd. bought a new position in shares of Grab in the third quarter worth about $38,000,000. 55.52% of the stock is owned by institutional investors.

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.