Analyst Divya Gangahar of Morgan Stanley maintained a Buy rating on Grab, boosting the price target to $6.95.
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Divya Gangahar’s rating is based on several positive indicators for Grab’s financial performance and strategic positioning. The company is expected to report strong third-quarter results, with revenue and adjusted EBITDA forecasts exceeding consensus estimates. This optimistic outlook is supported by robust growth trends in Grab’s Online Delivery Services (ODS) Gross Merchandise Value (GMV), which is projected to grow significantly in the coming years.
Furthermore, Grab’s innovative and diversified product offerings, coupled with the use of AI for cost optimization, are enhancing operational efficiency and increasing market use cases. The company’s market leadership is anticipated to strengthen, backed by a solid balance sheet. Additionally, the potential for sustained growth and a revised price target of $6.95 per share further justify the Buy rating. The expected acceleration in revenue and EBITDA growth, along with the possibility of improved guidance, also contribute to the positive outlook for Grab’s stock.
According to TipRanks, Gangahar is a 5-star analyst with an average return of 43.9% and an 88.00% success rate.