Grab Revenue, Ebitda on Track to Meet 1Q Estimates -- Market Talk

Dow Jones04-19

0846 GMT - Grab's revenue and Ebitda will likely meet 1Q estimates, Jefferies analysts say in a research note. Gross merchandise value for the ride-hailing and delivery company's mobility and delivery segments was likely stable on quarter. However, there is potential upside in mobility services, supported by offline concerts held in Singapore, they say. Fintech services revenue growth likely slowed in 1Q due to the Ramadan holiday, they add. Jefferies says it will focus on the monthly transacting users and food delivery growth trend at the company's earnings call. It has a buy rating on the stock with a target price of $5.00. Shares closed 5.6% higher at $3.39 on Thursday. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

April 19, 2024 04:46 ET (08:46 GMT)

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Jefferies says it will focus on the monthly transacting users and food delivery growth trend at the company's earnings call. It has a buy rating on the stock with a target price of $5.00. Shares closed 5.6% higher at $3.39 on Thursday. 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