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

Earnings reports for various companies are scheduled for February 22, 2024, covering a wide range of industries. These reports include both earnings per share and revenue forecasts, with some companies expected to report losses.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 10:27 am

Grab Holdings Limited (NASDAQ:GRAB) and GoTo Group are reportedly in talks to merge, aiming to mitigate losses from intense competition in the food delivery sector. Initial discussions include various scenarios, such as Grab acquiring GoTo with cash, stock, or a combination. The talks, supported by major shareholders, are exploratory and may not lead to a merger. Key issues include valuation, deal structure, and governance. GRAB shares rose 3.01% to $3.42 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

February 09, 2024 | 2:10 pm

Bloomberg reported that Grab and GoTo have revived discussions for a potential mega merger in the ride-hailing sector. This move could significantly alter the competitive landscape in the industry.

Portfolio Pulse from Charles Gross

February 09, 2024 | 11:37 am

Barclays analyst Jiong Shao maintains an Overweight rating on Grab Holdings (NASDAQ:GRAB) but lowers the price target from $4.5 to $4.3.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:09 pm

JP Morgan has upgraded Grab's stock from Neutral to Overweight and increased the price target from $3.6 to $3.8, resulting in a positive trading performance for Grab shares.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 1:43 pm

JP Morgan analyst Ranjan Sharma has upgraded Grab Holdings (NASDAQ:GRAB) from Neutral to Overweight and increased the price target from $3.6 to $3.8.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 10:09 am

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' expressed his views on several stocks. He recommended passing on Grab Holdings Limited (GRAB) due to its significant losses and was not in favor of BILL Holdings, Inc. (BILL) as he finds the service overpriced. Cramer acknowledged Academy Sports and Outdoors, Inc. (ASO) is undervalued but is stereotyped as a gun stock. He is adopting a 'wait and see' approach for Ford Motor Company (F) until the next quarterly results. Cramer praised Intel Corporation (INTL) for performing well and did not recommend selling it. He expressed uncertainty about Ready Capital Corporation (RC) and refrained from recommending it. The mentioned stocks experienced various price movements during Tuesday's session.

Portfolio Pulse from Lisa Levin

November 22, 2023 | 2:18 pm

Benchmark analyst Fawne Jiang reiterated a Buy rating on Grab Holdings (NASDAQ:GRAB) with a price target of $6, following a strong quarter with group-level profitability for the first time. Jiang highlights GRAB's competitive edge in affordability and its position as a super-app and multi-region operator. Despite macro uncertainty, Jiang is confident in GRAB's market share gain and sees it as a market consolidator in Southeast Asia, recommending it as a core emerging market investment. The FY23 revenue estimate was raised to $2.34 billion, with adjusted EBITDA at $(20) million.

Portfolio Pulse from Anusuya Lahiri

November 10, 2023 | 7:57 pm

Grab Holdings Limited (NASDAQ:GRAB) reported a 61% YoY revenue growth in Q3 FY23, beating estimates with $615 million. The company also posted its first profitable EBITDA quarter. Revenue for the Deliveries segment rose 79% YoY, while Mobility revenue was up 31% YoY. Financial Services revenue rose 156% YoY. The company raised its FY23 revenue outlook to $2.31 billion - $2.33 billion.

Portfolio Pulse from Anusuya Lahiri

November 09, 2023 | 2:49 pm

Grab Holdings Inc. reported better-than-expected Q3 sales results and raised its FY23 revenue guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 1:32 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.