Lakse
2022-06-22

$Grab Holdings(GRAB)$Grab shares surged 13% in morning trading after Grab Holdings initiated with a Buy at Deutsche Bank.




Deutsche Bank analyst ReenaVerma Bhasin initiated coverage of Grab Holdings with a Buy rating and $3.20 price target. Grab is Southeast Asia's leading "superapp" platform, with a dominant position in mobility and deliveries, and a developing business in digital financial services, Bhasin tells investors in a research note. The stock offers "attractive upside potential" after dropping 65% year-to-date, says the analyst. Bhasin expects strong growth in mobility and says the deliveries business is also targeted to break even over next 12 months.hs.

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Comments

  • Duizzz
    2022-06-22
    Duizzz
    Would think that Grab is now at a reasonable price to buy in. Holding it will not be too tough for most of the investors here. However, I do see that the growth will be slow and will not be too big.
  • rachhy
    2022-06-22
    rachhy
    bought it above $10
  • NewbieLeo
    2022-06-22
    NewbieLeo
    that price target is still low. dont shill bad stock
  • ElvisMarner
    2022-06-23
    ElvisMarner
    Thanks for your excellent post.
  • Cvt
    2022-06-22
    Cvt
    Slowiing up but good sign
  • Fayt
    2022-06-22
    Fayt
    thanks for sharing!
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