Alicia Yap, an analyst from Citi, maintained the Buy rating on Grab. The associated price target remains the same with $7.20.
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Alicia Yap has given his Buy rating due to a combination of factors, including resilient demand across Grab’s key segments and supportive foreign-exchange trends that underpin healthy first-quarter revenue growth. She expects continued year-on-year expansion in deliveries, mobility, and financial services, with solid adjusted profitability, even after factoring in higher incentives to offset fuel price pressures.
In addition, her valuation work indicates substantial upside to the current share price, with a sum-of-the-parts target that remains intact despite modest estimate revisions. While she acknowledges risks from extended Middle East conflict and fuel subsidies that could pressure full-year guidance, she believes the stock’s current pricing already discounts these headwinds, leaving an attractive risk‑reward profile that supports a Buy recommendation.
Yap covers the Consumer Cyclical sector, focusing on stocks such as Meituan, Sea, and PDD Holdings. According to TipRanks, Yap has an average return of 4.0% and a 44.36% success rate on recommended stocks.
In another report released on April 15, Barclays also reiterated a Buy rating on the stock with a $7.00 price target.