Grab (GRAB) Stock Forecast, Price & News

7 Wall Street equities 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 equities research analysts is that investors should "moderate buy" GRAB shares.
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7 equities research analysts have issued twelve-month price targets for Grab's shares. Their GRAB share price forecasts range from $3.10 to $7.00. On average, they predict the company's share price to reach $4.69 in the next year. This suggests a possible upside of 38.7% from the stock's current price.
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Grab's stock was trading at $3.22 at the beginning of 2023. Since then, GRAB stock has increased by 5.0% and is now trading at $3.38.
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Grab saw a decrease in short interest in the month of September. As of September 15th, there was short interest totaling 98,350,000 shares, a decrease of 7.8% from the August 31st total of 106,630,000 shares. Based on an average daily volume of 18,040,000 shares, the days-to-cover ratio is currently 5.5 days. Approximately 5.7% of the company's stock are short sold.
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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) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. The business had revenue of $567 million for the quarter, compared to analysts' expectations of $549.33 million. Grab had a negative net margin of 55.26% and a negative trailing twelve-month return on equity of 16.50%. The company's revenue was up 76.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($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 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."

Grab's stock is owned by many different retail and institutional investors. Top institutional investors include Capital Research Global Investors (4.24%), BlackRock Inc. (2.32%), State Street Corp (0.92%), Fullerton Fund Management Co Ltd. (0.51%), Geode Capital Management LLC (0.42%) and Dragoneer Investment Group LLC (0.38%).

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 $3.38.

Grab (NASDAQ:GRAB) has a market capitalization of $12.67 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.