Grab (GRAB) has received a new Buy rating, initiated by Phillip Securities analyst, Helena Wang.
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Helena Wang’s rating is based on several compelling factors that highlight Grab’s strong market position and growth potential. Grab’s extensive ecosystem in Southeast Asia, offering services like ride-hailing, food delivery, and digital financial solutions, positions it well to capitalize on increasing urbanization and digital adoption trends. This has driven significant revenue growth, particularly in the On-Demand segment, which saw a 16% year-over-year increase in Gross Merchandise Value.
Additionally, Grab’s financial services are expanding rapidly, with a 64% year-over-year surge in its loan portfolio and a narrowing of adjusted EBITDA losses. The company’s financial health is further supported by a robust net cash position, which management plans to use for organic growth initiatives. These factors, combined with a positive cash flow and strategic investments in technology and electric vehicles, underpin Helena Wang’s Buy rating for Grab, with a price target of US$5.80.
According to TipRanks, Wang is ranked #4555 out of 9317 analysts.
In another report released on April 2, Morgan Stanley also maintained a Buy rating on the stock with a $5.70 price target.
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