Research Analysts’ Recent Ratings Changes for Grab (GRAB)

Grab (NASDAQ: GRAB) has recently received a number of price target changes and ratings updates:

• 5/22/2024 – Grab had its price target raised by analysts at Barclays PLC from $4.30 to $4.70. They now have an “overweight” rating on the stock.
• 5/17/2024 – Grab is now covered by analysts at Deutsche Bank Aktiengesellschaft. They set a “buy” rating and a $4.50 price target on the stock.
• 5/16/2024 – Grab had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $6.00 price target on the stock.
• 5/6/2024 – Grab had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $6.00 price target on the stock.
• 4/4/2024 – Grab had its “buy” rating reaffirmed by analysts at HSBC Holdings plc. They now have a $4.30 price target on the stock.

Grab Stock Down 0.3 %

GRAB stock opened at $3.66 on Monday. The stock’s 50 day simple moving average is $3.40 and its 200 day simple moving average is $3.27. Grab Holdings Limited has a fifty-two week low of $2.85 and a fifty-two week high of $3.92. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.87 and a current ratio of 3.26. The company has a market cap of $14.36 billion, a P/E ratio of -52.29 and a beta of 0.81.

Grab (NASDAQ:GRAB) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. The firm had revenue of $653.00 million during the quarter, compared to the consensus estimate of $633.82 million. Grab had a negative return on equity of 4.62% and a negative net margin of 11.86%. The company’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.10) earnings per share. On average, research analysts expect that Grab Holdings Limited will post -0.01 earnings per share for the current fiscal year.

Institutional Trading of Grab

Institutional investors and hedge funds have recently modified their holdings of the business. PFG Investments LLC purchased a new stake in shares of Grab during the first quarter valued at approximately $31,000. Dorsey & Whitney Trust CO LLC bought a new position in Grab during the first quarter valued at $32,000. Miracle Mile Advisors LLC bought a new position in Grab during the first quarter valued at $32,000. Optas LLC bought a new position in Grab during the fourth quarter valued at $36,000. Finally, Meridian Wealth Partners LLC bought a new position in Grab during the fourth quarter valued at $36,000. 55.52% of the stock is owned by hedge funds and other 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.