Grab plans to announce its unaudited third quarter 2024 results after the U.S. market closes on November 11, 2024.
Analysts at Daiwa Capital Markets initiated coverage on shares of Grab in a note issued to investors on Wednesday. The firm set an "outperform" rating and a $4.60 price target on the stock. Daiwa Capital Markets' target price indicates a potential upside of 9.52% from the company's previous close.
Bernstein raised the firm’s price target on Grab Holdings to $4.20 from $4.10 and keeps an Outperform rating on the shares on Tuesday. The firm notes Grab continues to benefit from underlying trends in each end market. Bernstein expects growth momentum to be sustained and driven by strength in tourism and market share.
A number of other equities research analysts have also issued reports on GRAB. Jefferies Financial Group lowered their target price on Grab from $5.00 to $4.70 and set a "buy" rating for the company in a research note on Wednesday, July 17th. Benchmark reissued a "buy" rating and issued a $6.00 price target on shares of Grab in a report on Wednesday, September 11th. Finally, Mizuho initiated coverage on Grab in a report on Thursday, June 27th. They set an "outperform" rating and a $5.00 target price on the stock. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $4.70.
Grab shares gained 2.9% in morning trading and jumped about 15% this week.
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