GRAB's Swift Path to Profitability and Market Consolidation - Impressed Analysts Raise Price Target By 50%
Portfolio Pulse from Anusuya Lahiri
Benchmark analyst Fawne Jiang maintained a Buy rating for Grab Holdings Limited (NASDAQ:GRAB) and raised the price target from $4 to $6. The company posted solid 2Q23 results and revised their full-year guidance positively. They now anticipate breaking even in 3Q23, an improvement from the earlier 4Q23 estimate. Barclays analyst Jiong Shao upgraded Grab from Equal-Weight to Overweight and a $4.5 price target. Citigroup analyst Alicia Yap maintained Grab with a Buy and raised the price target from $4.8 to $5.2.
August 24, 2023 | 5:35 pm
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Grab Holdings Limited (NASDAQ:GRAB) received positive ratings from analysts, with raised price targets. The company's solid 2Q23 results and positive full-year guidance revision could boost investor confidence.
The positive ratings and raised price targets from analysts indicate a positive outlook for Grab Holdings Limited. The company's solid 2Q23 results and positive full-year guidance revision could boost investor confidence and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100