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

Grab Holdings shares are trading lower due to weakness in Asia-Pacific stocks.

Portfolio Pulse from Bill Haddad

June 23, 2023 | 7:33 pm

Benzinga has released its top ratings upgrades and downgrades for June 22, 2023, including several companies such as DiaMedica Therapeutics, Kellogg, Agree Realty, Grab Holdings, XP Inc, Dow Inc, AES Corp, Celanese Corp, and more. The list also includes initiations of coverage for companies like Iridium Communications, Everest Re Group, Zura Bio, Humacyte, FingerMotion, Outbrain, Taboola.com, Terns Pharmaceuticals, and others.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 3:02 pm

In the last quarter, Grab Hldgs (NASDAQ:GRAB) received 4 bullish and 1 indifferent analyst ratings, with an average price target of $4.02, implying an upside from the current price of $3.4. The average price target has increased by 4.15% over the past month.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 2:02 pm

JP Morgan analyst Ranjan Sharma upgrades Grab Holdings (NASDAQ:GRAB) from Underweight to Neutral and raises the price target from $2.55 to $3.1.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 9:15 am

JP Morgan analyst Ranjan Sharma upgrades Grab Holdings (NASDAQ:GRAB) from Underweight to Neutral and announces a $3.1 price target.

Portfolio Pulse from richadhand@benzinga.com

June 22, 2023 | 8:22 am

Grab Holdings Inc (NASDAQ:GRAB) plans to lay off 1,000 employees to manage costs and reorganize the company. This is the largest round of job cuts since the pandemic. The company has been improving its bottom line every quarter since Q1 2022 and aims to achieve breakeven adjusted EBITDA.

Portfolio Pulse from Lekha Gupta

June 21, 2023 | 9:17 am

Grab Holdings CEO announced that the company is on track to achieve group adjusted EBITDA breakeven, regardless of any ongoing exercises. This statement comes amid the company's ongoing SPAC merger with Altimeter Growth Corp (AGC).

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:19 pm

Spotify plans to launch a more expensive subscription plan called 'Supremium' with high-fidelity audio. Grab Holdings plans to cut its workforce by 5%. Deutsche Bank applies for a digital asset custody license. Google is in talks with Indian suppliers to assemble Pixel smartphones. Chinese vendors bypass the US embargo to supply Nvidia AI chips. Alibaba names Eddie Wu as its new CEO. Hyundai unveils an $85B investment plan for EVs. Airbus confirms a 500 A320 aircraft order from IndiGo.

Portfolio Pulse from Vandana Singh

June 20, 2023 | 1:07 pm

Grab Holdings Inc (NASDAQ:GRAB) plans to cut its workforce by 5% (around 360 staff) due to the economic impact of the pandemic. This comes after the company reported Q1 FY23 revenue growth of 130% YoY to $525 million, beating consensus estimates.

Portfolio Pulse from Lekha Gupta

June 20, 2023 | 11:49 am

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