On Nov 13, major Wall Street analysts update their ratings for $Grab Holdings (GRAB.US)$, with price targets ranging from $4.5 to $8.
Morgan Stanley analyst Divya Gangahar maintains with a buy rating, and adjusts the target price from $4.9 to $5.5.
J.P. Morgan analyst Ranjan Sharma maintains with a buy rating, and adjusts the target price from $5 to $5.7.
BofA Securities analyst Sachin Salgaonkar maintains with a buy rating.
Barclays analyst Jiong Shao maintains with a buy rating, and maintains the target price at $5.5.
Deutsche Bank analyst Peter Milliken maintains with a buy rating, and adjusts the target price from $4.5 to $6.
Furthermore, according to the comprehensive report, the opinions of $Grab Holdings (GRAB.US)$'s main analysts recently are as follows:
Grab Holdings reported robust third-quarter results, surpassing expectations, and increased its forecast for the fourth quarter.
The company's Q3 results have solidified the view that Grab Holdings is capable of utilizing network effects to strengthen its market leadership, enhance monetization, and refine expenditure. It is anticipated that the company's robust earnings growth will surpass market expectations, propelled by revenue increases coupled with margin amplification.
The company's recent quarter exceeded expectations, fueled by increasing acceptance of premium and cost-effective offerings, along with a robust uptick in inbound travel over the summer period. The company remains a prominent selection within the Asian internet sector.
Grab Holdings' recent financial results exceeded expectations, marking its fifth consecutive quarter of positive EBITDA and third consecutive quarter of positive free cash flow. The long-term investment thesis remains robust, with the company solidifying its position as the premier Super App in Southeast Asia.
Here are the latest investment ratings and price targets for $Grab Holdings (GRAB.US)$ from 9 analysts:
Note:
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