Grab Holdings price target lowered to $4.00 from $5.00 at Loop Capital

Loop Capital analyst Rob Sanderson lowered the firm’s price target on Grab Holdings to $4.00 from $5.00 but keeps a Buy rating on the shares. While the company is not yet profitable, it is very well capitalized with leadership position in secular growth markets, the analyst tells investors in a research note. Loop Capital adds that consensus estimates on Grab Holdings reflect an "unrealistically conservative ramp" in EBITDA margin unless macro conditions become materially worse in the company’s regions across Southeast Asia.