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

4.96

Mkt cap

21B

Volume

97M

High

5.54

P/E Ratio

-273.00

52-wk high

5.54

Low

4.94

Div yield

N/A

52-wk low

2.90

In the past three months, four analysts have evaluated Grab Holdings (NASDAQ:GRAB), with ratings ranging from bullish to somewhat bullish. Analysts have set a 12-month price target averaging $5.1, with a high of $6.00 and a low of $4.70. Recent financials show a 17.11% revenue growth rate, a net margin of -7.98%, and a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 5:00 pm

Benchmark analyst Fawne Jiang has reiterated a Buy rating on Grab Holdings (NASDAQ:GRAB) and maintained a price target of $6.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 3:15 pm

Grab Holdings Limited (NASDAQ:GRAB) reported Q2 2024 revenue growth of 17% year-on-year to $664 million, missing the analyst consensus estimate of $669.25 million. EPS of $(0.01) was in line with expectations. Despite growth in various segments, the average spend per user decreased by 6% year-on-year. The stock price dropped by 8.31% premarket following the results.

Portfolio Pulse from Anusuya Lahiri

August 15, 2024 | 12:55 pm

Grab Holdings shares are trading lower following a Q2 revenue miss and soft FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:13 am

Grab Holdings reported a strong Q2 2024 with deliveries revenue growing 11% YoY to $356 million and GMV increasing 9% YoY to $2.85 billion. The growth was driven by demand in the Food Deliveries business and contributions from Jaya and Advertising businesses.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:06 am

Grab Holdings has provided its financial guidance for FY24, expecting revenue between $2.70 billion and $2.75 billion, which is slightly below the estimated $2.77 billion. The company also expects adjusted EBITDA to be between $250 million and $270 million and positive adjusted free cash flow for the full year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:04 am

Grab Holdings reported its Q2 2024 financial results with a GAAP EPS of $(0.01) and sales of $664 million, missing the estimated $669.25 million.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:01 am

Tiger Global Management has reported a share stake of 2.35 million shares in UnitedHealth Group, dissolved its share stakes in Maplebear and Freshworks, and reduced its share stake in JD.com Inc by 73.8% to 822,715 Class A Sponsored ADS, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 6:18 pm

Grab Holdings Limited (NASDAQ:GRAB) has acquired the Singapore-based dining reservation platform Chope to expand into the restaurant booking industry, following a similar strategy to Uber Technologies, Inc (NYSE:UBER). This move aims to differentiate Grab from competitors and improve margins by integrating Chope's services with Grab's existing offerings.

Portfolio Pulse from Anusuya Lahiri

July 23, 2024 | 6:04 pm

The article highlights three industrial stocks that are currently oversold and may present buying opportunities in Q3. The stocks mentioned are LegalZoom.com Inc (NASDAQ:LZ), Grab Holdings Ltd (NASDAQ:GRAB), and Expion360 Inc (NASDAQ:XPON). Each of these stocks has an RSI value below 30, indicating they are oversold.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 1:09 pm

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