BofA analyst Sachin Salgaonkar raised the firm’s price target on Grab Holdings (GRAB) to $5.80 from $5.10 and keeps a Neutral rating on the shares. Grab’s Q4 revenues were a slight miss despite in-line GMV, notes the analyst, who adds that Grab’s 2025 guidance for revenues and group adjusted EBITDA were lower than consensus. Post Q4, the firm slightly lowers its 2025 and 2026 EPS estimates, but cites a valuation roll-forward for its increased price target on the shares.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GRAB:
- Grab Holdings Reports Strong Q4 and Full-Year 2024 Financial Results
- Grab Holdings Reports Significant Growth in Q4 2024 Financial Results
- Hold Rating on Grab: Balancing Conservative Guidance and Long-term Growth Prospects
- Grab Holdings downgraded to Outperform from Buy at Daiwa
- Grab Holdings price target raised to $6.50 from $5.50 at Barclays