Grab Holdings price target raised to $4.70 from $4.30 at Barclays

Barclays raised the firm’s price target on Grab Holdings to $4.70 from $4.30 and keeps an Overweight rating on the shares. The company reported strong Q1 results with solid revenues and much better than expected profit, the analyst tells investors in a research note. The firm says Grab’s raised outlook is still too conservative.