0916 GMT - Grab's long-term story remains intact, Jefferies analysts say in a note. "One of Grab's key success factors is its hyperlocal execution strategy," to better serve the countries where it operates, they write. Multiple drivers are supporting Grab's target to hit $1.5 billion in adjusted Ebitda terms by 2028, including revenue growth from on-demand services driving margin expansion, declining corporate costs thanks to artificial-intelligence efficiency, and its financial services business expecting to break even by 2H 2026, they write. Taking into account Grab's 2025 earnings, Jefferies retains a buy rating on the stock but trims its target price to $6.70 from $7.00. Key risks to their target price include intensifying competition and macroeconomic factors, they add. Shares last closed at US$4.27. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
February 13, 2026 04:16 ET (09:16 GMT)
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