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.
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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
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