Grab Holdings price target raised to $7 from $6 at Mizuho

Mizuho analyst Wei Fang raised the firm’s price target on Grab Holdings (GRAB) to $7 from $6 and keeps an Outperform rating on the shares following “a clean quarter” that featured results beating expectations and FY25 guidance being raised. For FY26, the firm expects management to pivot more on scaling topline than margin optimization, but Mizuho believes the company’s scale-led lower cost of serve will continue to facilitate share gains. The firm likes Grab’s category leading position in Southeast Asian markets and the long term secular growth outlook, the analyst added.