Grab Stock (GRAB): $10.50 Price Target From Jefferies

By Amit Chowdhry ● Jan 2, 2022
  • The shares of Grab Holdings Ltd (NASDAQ: GRAB) have received a $10.50 price target from Jefferies. These are the details.

The shares of Grab Holdings Ltd (NASDAQ: GRAB) have received a $10.50 price target from Jefferies. And Jefferies analyst Thomas Chong initiated coverage of Grab Holdings with a “Buy” rating.

Chong pointed out that Grab is ranked number one in Southeast Asia based on market share across deliveries, mobility, and digital finance despite having less than 10 years of operations in mobility and 5 years in food delivery and financial services.

Plus Chong said that the company has a diversified revenue base with no single country contributing over 35% of adjusted net revenue. Going forward, Chong sees huge opportunities in Southeast Asia in terms of user base and rising online penetration across different segments.

Plus Chong believes Grab is a multi-year story riding on low online penetration.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.