JPMorgan upgraded Grab Holdings (GRAB) to Overweight from Neutral with a $5.60 price target The stock declined 10% today as the company’s FY25 adjusted EBITDA guidance had likely underwhelmed buyside expectations, though with investor expectations anchored to guidance, earnings delivery over the year will likely drive positive revisions in earnings expectations, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GRAB:
- Palantir initiated, Roku upgraded: Wall Street’s top analyst calls
- Notable open interest changes for February 20th
- Positive Outlook for Grab: Revenue Growth, Share Buybacks, and Conservative Guidance Drive Buy Recommendation
- Grab Holdings price target raised to $5.80 from $5.10 at BofA
- Grab Holdings Reports Strong Q4 and Full-Year 2024 Financial Results
Questions or Comments about the article? Write to editor@tipranks.com