Grab (GRAB) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Grab in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GRAB shares.
View GRAB analyst ratings or view top-rated stocks.

7 brokers have issued 1-year price targets for Grab's stock. Their GRAB share price forecasts range from $3.10 to $7.00. On average, they anticipate the company's stock price to reach $4.69 in the next year. This suggests a possible upside of 32.1% from the stock's current price.
View analysts price targets for GRAB or view top-rated stocks among Wall Street analysts.

Grab's stock was trading at $3.22 at the start of the year. Since then, GRAB shares have increased by 10.2% and is now trading at $3.55.
View the best growth stocks for 2023 here.

Grab saw a decline in short interest in September. As of September 15th, there was short interest totaling 98,350,000 shares, a decline of 7.8% from the August 31st total of 106,630,000 shares. Based on an average daily trading volume, of 18,040,000 shares, the days-to-cover ratio is presently 5.5 days. Currently, 5.7% of the company's stock are short sold.
View Grab's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 15th 2023.
View our GRAB earnings forecast.

Grab Holdings Limited (NASDAQ:GRAB) issued its earnings results on Wednesday, August, 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.01. The firm earned $567 million during the quarter, compared to the consensus estimate of $549.33 million. Grab had a negative trailing twelve-month return on equity of 16.50% and a negative net margin of 55.26%. The firm's revenue for the quarter was up 76.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.15) earnings per share.

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

Grab updated its FY 2023 earnings guidance on Wednesday, August, 23rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.20 billion-$2.30 billion, compared to the consensus revenue estimate of $2.29 billion.

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

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.
Compare Top Brokerages Here.

One share of GRAB stock can currently be purchased for approximately $3.55.

Grab (NASDAQ:GRAB) has a market capitalization of $13.30 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 ($0.27) on an earnings per share basis.

The company employs 11,934 workers across the globe.

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.