Grab Likely to See Solid Growth in 2025 -- Market Talk

Dow Jones11-13 12:05

0405 GMT - Grab has a strong growth outlook for 2025, Citi research analysts write in a note. Grab's earlier investments to expand and diversify its product and services mix, as well as converting transactions from cross-platform selling have started to bear fruit in its solid 3Q earnings which beat consensus estimates, they write. Using AI in product development and user targeting also supports confidence in Grab's outlook, they add. Grab has reassured markets of its sustainable profitability trend, given healthy free cash flow and operating efficiency, they add. Citi retains a buy rating, raising its target price to $5.90 from $5.00 given consistent financial earnings in the past few quarters. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

November 12, 2024 23:05 ET (04:05 GMT)

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Grab has reassured markets of its sustainable profitability trend, given healthy free cash flow and operating efficiency, they add. Citi retains a buy rating, raising its target price to $5.90 from $5.00 given consistent financial earnings in the past few quarters. 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Grab's earlier investments to expand and diversify its product and services mix, as well as converting ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0210637038.USD","symbol_name":"HSBC GIF THAI EQUITY \"AD\" INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483017302","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483017302","pubTimestamp":1731470700,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0405 GMT - Grab has a strong growth outlook for 2025, Citi research analysts write in a note. 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