Barclays Maintains Overweight on Grab Hldgs, Lowers Price Target to $4.3
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao maintains an Overweight rating on Grab Holdings (NASDAQ:GRAB) but lowers the price target from $4.5 to $4.3.

February 05, 2024 | 12:09 pm
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Barclays maintains an Overweight rating on Grab Holdings but lowers the price target from $4.5 to $4.3.
The adjustment in price target by Barclays, while maintaining an Overweight rating, suggests a continued positive outlook on Grab Holdings but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the slight reduction in the price target against the backdrop of sustained confidence in the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100