Grab (GRAB) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Grab in the last twelve months. There are currently 1 sell rating, 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GRAB shares.
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8 Wall Street research analysts have issued 12 month price targets for Grab's shares. Their GRAB share price forecasts range from $2.80 to $5.00. On average, they anticipate the company's stock price to reach $3.92 in the next twelve months. This suggests a possible upside of 14.0% from the stock's current price.
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Grab's stock was trading at $3.22 at the start of the year. Since then, GRAB shares have increased by 6.8% and is now trading at $3.44.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
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Grab Holdings Limited (NASDAQ:GRAB) posted its quarterly earnings results on Thursday, May, 18th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.01. The company had revenue of $525 million for the quarter, compared to the consensus estimate of $505 million. Grab had a negative trailing twelve-month return on equity of 22.08% and a negative net margin of 86.94%. The business's revenue for the quarter was up 130.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.11) EPS.

ETFs with the largest weight of Grab (NASDAQ:GRAB) stock in their portfolio include iShares MSCI Singapore ETF (EWS), Amplify Emerging Markets FinTech ETF (EMFQ), FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ), Asian Growth Cubs ETF (CUBS), SPDR S&P Kensho Smart Mobility ETF (HAIL), VictoryShares Nasdaq Next 50 ETF (QQQN), Invesco NASDAQ Next Gen 100 ETF (QQQJ) and Invesco ESG NASDAQ Next Gen 100 ETF (QQJG).

Grab updated its FY 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.20 billion-$2.30 billion, compared to the consensus revenue estimate of $2.24 billion.

Grab trades on the NASDAQ under the ticker symbol "GRAB."

Grab's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (1.62%), Contrarius Investment Management Ltd (0.79%), State Street Corp (0.65%), Fullerton Fund Management Co Ltd. (0.59%), FIL Ltd (0.50%) and Artisan Partners Limited Partnership (0.37%).

Shares of GRAB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GRAB stock can currently be purchased for approximately $3.44.

Grab (NASDAQ:GRAB) has a market capitalization of $12.89 billion and generates $1.43 billion in revenue each year. The company earns $-1,683,000,000.00 in net income (profit) each year or ($0.39) on an earnings per share basis.

Grab's mailing address is 2550 SAND HILL ROAD SUITE 150, MENLO PARK CA, 94025. The official website for the company is www.altimetergrowth.com. The company can be reached via phone at 855-739-7864 or via email at ir@altimeter.com.