Streetbeat News

GRAB

Grab Holdings Limited

https://www.grab.com/sg

Industry

Software - Application

Grab Holdings Limited provides superapps that allows access to mobility, delivery, financial services, and enterprise offerings through its mobile application in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company is headquartered in Singapore.

Open

4.49

Mkt cap

17B

Volume

4.3M

High

4.51

P/E Ratio

-148.63

52-wk high

5.72

Low

4.42

Div yield

N/A

52-wk low

2.98

Barclays analyst Jiong Shao has upgraded Grab Holdings (NASDAQ:GRAB) from Equal-Weight to Overweight and set a price target of $4.5.

Portfolio Pulse from richadhand@benzinga.com

August 24, 2023 | 1:33 pm

Benchmark analyst Fawne Jiang maintains a Buy rating on Grab Holdings (NASDAQ:GRAB) and raises the price target from $4 to $6.

Portfolio Pulse from richadhand@benzinga.com

August 24, 2023 | 12:49 pm

Citigroup analyst Alicia Yap has maintained a 'Buy' rating on Grab Holdings (NASDAQ:GRAB) and raised the price target from $4.8 to $5.2.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 12:13 pm

Several stocks experienced significant movement in Wednesday's mid-day session. AgileThought, VCI Global, iTeos Therapeutics, Apellis Pharmaceuticals, and MicroCloud Hologram were among the top gainers, with increases ranging from 34.4% to 85.5%. Notable losers included Bruush Oral Care, Foot Locker, Orbital Infrastructure Group, Ideanomics, and Sunlight Financial Holdings, with decreases ranging from 23.1% to 41.8%. Grab Holdings rose by 9% following better-than-expected Q2 earnings and a raised annual adjusted EBITDA outlook.

Portfolio Pulse from Lisa Levin

August 23, 2023 | 5:02 pm

NVIDIA's earnings are expected to hit $2.07, up 305% from last year, making it the best performing stock in the S&P 500 this year. However, if they miss, the entire stock market could go down. Sales of existing US homes fell 2.2% in July, the lowest level since January. Standard and Poor's cut ratings for 5 US banks due to the squeeze on liquidity. Goldman Sachs identified 11 near-term beneficiaries of the AI revolution. Iran will continue to raise its oil production, while Goldman predicts lower global stocks will boost oil prices. Dick's Sporting Goods missed top and bottom line estimates for the first time in 3 years.

Portfolio Pulse from GRIT Capital

August 23, 2023 | 4:40 pm

New York City's stricter short-term rental regulations have led to a decline in Airbnb listings. Meta Platforms faces scrutiny for allegedly allowing the sale of recalled items on Facebook Marketplace. Mallinckrodt is filing for bankruptcy for the second time due to business declines and lawsuits related to the U.S. opioid epidemic. Apellis Pharmaceuticals released an update on its Syfovre treatment for geographic atrophy. Netflix has seen an increase in U.S. users following a crackdown on password sharing. AT&T has entered the wireless home internet space with Internet Air. Novo Nordisk has enlisted Thermo Fisher Scientific to help with production of its weight-loss drug, Wegovy. Peloton, Analog Devices, Grab Holdings, Abercrombie & Fitch, Advance Auto Parts, Foot Locker, and Kohl's have all released their latest earnings reports.

Portfolio Pulse from Vandana Singh

August 23, 2023 | 2:46 pm

Grab Holdings Limited (NASDAQ:GRAB) reported Q2 FY23 revenue growth of 77% YoY to $567.0 million, beating the consensus of $546.1 million. The company's Deliveries and Mobility segments drove the growth, with revenues rising 118% and 29% YoY respectively. The company reiterated its FY23 revenue outlook of $2.20 billion - $2.30 billion, up by 54% - 60% YoY. GRAB shares traded higher by 4.19% premarket.

Portfolio Pulse from Anusuya Lahiri

August 23, 2023 | 1:11 pm

VCI Global Limited announced a collaboration with Microsoft Azure OpenAI. Foot Locker shares dropped after a Q2 revenue miss, an 11% rise in inventories, and lowered gross margin guidance. Grab's Q2 EPS and sales beat estimates.

Portfolio Pulse from ryanfaloona@benzinga.com

August 23, 2023 | 12:24 pm

Grab Holdings Inc. reported better-than-expected Q2 earnings and raised its annual adjusted EBITDA outlook, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:06 am

Grab Holdings has reaffirmed its FY2023 sales guidance of $2.20B-$2.30B, which is in line with the $2.28B estimate. The company has also raised its adjusted EBITDA guidance to a loss of $30M-$40M, a significant improvement from the previous estimate of a loss of $195M-$235M.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:05 am

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