Grab ( (GRAB) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Grab Holdings’ stock experienced a decline after HSBC downgraded it from ‘Buy’ to ‘Hold’ due to concerns over its valuation following a 30% rally. However, Bank of America raised its price target, citing strong Gross Merchandise Volume (GMV) momentum and improved earnings per share (EPS) estimates for the coming years. Despite the mixed analyst sentiments, Grab’s strong market position and growth potential remain recognized.
More about Grab
YTD Price Performance: 28.69%
Average Trading Volume: 40,123,878
Technical Sentiment Signal: Buy
Current Market Cap: $24.86B
For further insights into GRAB stock on TipRanks’ Stock Analysis page.
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