Loop Capital analyst Rob Sanderson maintains $Grab Holdings (GRAB.US)$ with a buy rating, and adjusts the target price from $4 to $5.75.
According to TipRanks data, the analyst has a success rate of 60.7% and a total average return of 15.0% over the past year.
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 that exceeded expectations, and subsequently increased their guidance for the fourth quarter.
Grab Holdings' third-quarter outcomes solidified the belief that the company is capable of utilizing network effects to strengthen its market dominance, alongside enhancing monetization and expenditure optimization. It is anticipated that the company's robust earnings growth will exceed market expectations, supported by revenue increases coupled with improvements in profit margins.
Grab Holdings' recent quarter exceeded expectations, fueled by a rise in the use of premium services and value offerings, along with a robust uptick in travel during the summer period. The company remains a principal selection within the Asian internet sector.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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