Grab (GRAB) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Singapore-based Grab's plan to acquire Indonesia's GoTo to create a dominant Southeast Asian ride hailing and food delivery company has run into regulatory hurdles, three sources said, casting a cloud over a potential deal.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
I reiterate my Strong Buy on Grab, viewing the recent share price pullback as an excellent entry point for investors. The $1.25bn convertible note likely signals Grab's preparation for a major acquisition, potentially GoTo, despite official denials. A Grab-GoTo merger, with Indonesia's sovereign wealth fund involvement, could mitigate Indonesian gov's concerns about Grab, a SG headquartered company, taking over its country's largest tech company.
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Recently, Zacks.com users have been paying close attention to Grab (GRAB). This makes it worthwhile to examine what the stock has in store.
The GRAB/GoTo Acquisition is likely to happen at some point and this will change the dynamic of the Southeast Asian market. There's no argument against the fundamentals massively improving year-on-year. My profit target for GRAB remains above $8 based on very conservative assumptions.
Grab (GRAB) reported earnings 30 days ago. What's next for the stock?
Zacks.com users have recently been watching Grab (GRAB) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Grab (GRAB) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Grab still has so much room for growth as it has a low penetration rate of just 6%. The fintech business could potentially take off as Grab expands to consumer and merchant lending. Despite $5.9B of Net Cash Liquidity, Grab did not buy back any shares in Q1.
Tariff turmoil and market downturn are creating buying opportunities for investors looking to capitalize on panic selling and fear. The US-China trade war and rotation from U.S. assets, declining USD, and uncertainty surrounding monetary policy have prompted many investors to de-risk and seek value. Some of the greatest value and growth opportunities can be found in diversifying portfolios with low-priced small-cap stocks - they can offer a bang for your buck.