Daiwa Capital Initiates Coverage of Grab Holdings (GRAB) with Outperform Recommendation

Fintel reports that on October 23, 2024, Daiwa Capital initiated coverage of Grab Holdings (NasdaqGS:GRAB) with a Outperform recommendation.

Analyst Price Forecast Suggests 11.78% Upside

As of October 22, 2024, the average one-year price target for Grab Holdings is $4.65/share. The forecasts range from a low of $3.54 to a high of $6.30. The average price target represents an increase of 11.78% from its latest reported closing price of $4.16 / share.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Grab Holdings is 2,530MM, a decrease of 2.09%. The projected annual non-GAAP EPS is -0.17.

What is the Fund Sentiment?

There are 535 funds or institutions reporting positions in Grab Holdings. This is an increase of 28 owner(s) or 5.52% in the last quarter. Average portfolio weight of all funds dedicated to GRAB is 0.39%, an increase of 2.98%. Total shares owned by institutions increased in the last three months by 1.66% to 2,196,019K shares. The put/call ratio of GRAB is 0.14, indicating a bullish outlook.

What are Other Shareholders Doing?

Sb Investment Advisers holds 401,797K shares representing 10.46% ownership of the company. In its prior filing, the firm reported owning 419,634K shares , representing a decrease of 4.44%. The firm increased its portfolio allocation in GRAB by 1.36% over the last quarter.

MUFG Bank holds 142,913K shares representing 3.72% ownership of the company. No change in the last quarter.

Wellington Management Group Llp holds 109,643K shares representing 2.85% ownership of the company. In its prior filing, the firm reported owning 32,409K shares , representing an increase of 70.44%. The firm decreased its portfolio allocation in GRAB by 45.69% over the last quarter.

Tiger Global Management holds 92,924K shares representing 2.42% ownership of the company. In its prior filing, the firm reported owning 66,802K shares , representing an increase of 28.11%. The firm increased its portfolio allocation in GRAB by 33.05% over the last quarter.

Invesco holds 55,344K shares representing 1.44% ownership of the company. In its prior filing, the firm reported owning 56,196K shares , representing a decrease of 1.54%. The firm decreased its portfolio allocation in GRAB by 90.35% over the last quarter.

Grab Holdings Background Information
(This description is provided by the company.)

Grab is Southeast Asia’s leading superapp based on GMV in 2020 in each of food deliveries, mobility and the e-wallets segment of financial services, according to Euromonitor. Grab operates across the deliveries, mobility and digital financial services sectors in over 400 cities in eight countries in the Southeast Asia region – Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. Grab enables millions of people each day to access its driver- and merchant-partners to order food or groceries, send packages, hail a ride or taxi, pay for online purchases or access services such as lending, insurance, wealth management and telemedicine, all through a single "everyday everything" app. Grab was founded in 2012 with the mission to drive Southeast Asia forward by creating economic empowerment for everyone, and since then, the Grab app has been downloaded onto millions of mobile devices. Grab strives to serve a double bottom line: to simultaneously deliver financial performance for its shareholders and a positive social impact in Southeast Asia.

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.

Click to Learn More

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.