- The shares of Grab Holdings Inc. (NASDAQ: GRAB) have received an $8.20 price target from Citi. These are the details.
The shares of Grab Holdings Inc. (NASDAQ: GRAB) have received an $8.20 price target from Citi. And Citi analyst Alicia Yap is maintaining a “Buy” rating on the shares.
Recently Grab reported its fourth-quarter results. Grab reported Q4 revenue of $122 million, compared to $219 million reported last year. The 2021 GMV increased 29% year-over-year to $16.1 billion and Q4 GMV grew 26% YoY to $4.5 billion. The deliveries continue to outperform with GMV growing 56% year-over-year in 2021 and 52% year-over-year in the fourth quarter.
For Q1 2022 Grab currently expects:
– Deliveries GMV to be between $2.4 billion to $2.5 billion
– Mobility GMV to be between $0.75 billion to $0.80 billion
– Financial Services Pre-InterCo TPV to be between $3.1 billion to $3.2 billion
Grab is further expecting GMV growth for each of the quarters from Q2 to Q4 2022 to accelerate to 30 – 35% year-over-year, subject to shifts in the COVID-19 environment.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
