According to the Zhichun Finance APP, the stock price of Southeast Asia's Online Car-hailing and delivery company Grab Holdings (GRAB.US) has risen 35% so far this quarter, with some Analysts stating that its stock price will continue to rise in the future.

Investment bank Evercore ISI stated that Grab will increase profits by fending off competition and achieving economies of scale. Evercore ISI recently raised the Target Price for the stock from $7 to $8. This means the stock will rise 56% from its current level. According to data compiled by Bloomberg, Analysts expect the company's operating profit to rebound from a loss of $38 million in the past three months to $6.5 million this quarter.

Grab's stock price increase this quarter makes it a standout among global peers. The company has now dominated the ride-hailing and online food delivery sales sectors in Southeast Asia, outperforming its main competitor, Indonesia's GoTo Group, and may finally fulfill its years-long promise.

Bloomberg Industry Research Analyst Nathan Naidu stated that despite Grab's recent turnaround, the challenge it faces remains how to continue attracting users in the region, and Grab still has a long way to go to achieve the penetration rate that Uber Technologies has reached in the USA.

Malayan Banking Securities Analyst Hussaini Saifee stated that the sustained strong growth of the company's core services, combined with the continuous growth of its digital banking business, will create strong momentum in the fourth quarter. Analysts noted that Grab possesses scale advantages that smaller companies do not have, which helps it incentivize customers with lower expenses and create income opportunities for drivers.

After the company's third quarter earnings exceeded expectations, at least 22 Analysts have raised their target prices. Last Friday, the company's stock price closed at $5.13.

Analysts at Evercore, including Mark Mahaney, wrote in a report: "We believe that long-term growth, leading market share, and scale will bring considerable profitability to Grab over time, just as they have done for Uber Technologies globally."

Due to the severe macroeconomic environment, Consumers in the region have curtailed spending to cope with inflation and rising interest rates, causing Grab's revenue growth rate to significantly slow down from the triple digits of previous years.

It is certain that Others have stated that the stock's rise has already reflected an improvement in fundamentals. Morningstar Analyst Kai Wang noted that the profit margins for delivery and ride-hailing must improve by several hundred basis points to continue to support the stock price increase.

Citigroup Analyst Alicia Yap stated that as long as Grab continues to perform well, its stock price may continue to rise, and the structural opportunities in Southeast Asia (including the potential for further tariffs after Trump's re-election in the USA) are not sensitive to the company. She mentioned that the stock "will definitely attract a considerable amount of new interest from investors."