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 Holdings Limited (GRAB) reachead $4.61 at the closing of the latest trading day, reflecting a +1.32% change compared to its last close.
Recently, Zacks.com users have been paying close attention to Grab (GRAB). This makes it worthwhile to examine what the stock has in store.
Grab Holdings Limited's on-demand GMV surged 20% YoY in Q4 2024, driven by affordability-led products like Saver Rides. Monthly transacting users hit a record 44 million (+17% YoY), with one-third being new or reactivated users. Multi-service users spend 4x more and transact 2.5x more often, boosting ecosystem stickiness and user retention.
In the latest trading session, Grab Holdings Limited (GRAB) closed at $4.80, marking a +0.42% move from the previous day.
Singapore-based ride-hailing/delivery platform Grab is reportedly trying to raise funds to acquire rival GoTo. The company is in discussions to obtain a bridge loan of up to $2 billion for the deal, Bloomberg News reported Wednesday (March 26), citing sources familiar with the matter.
GRAB benefits from strong growth in On-Demand GMV, expanding fintech offerings and partnerships despite stiff competition and economic uncertainties.
Grab is a great choice to increase international exposure this year amid U.S. weakness, with the company expecting accelerating revenue growth in FY25. Grab's strong Q4 earnings, diverse service offerings, and significant growth potential in Southeast Asia make it an attractive long-term hold. Though expensive at ~28x forward adjusted EBITDA, Grab should be able to sustain a growth premium over better-known peers like Uber, especially as adjusted EBITDA is expected to grow ~40-50%.
Grab impresses with strong fundamentals, operational excellence, and a tailored approach to Southeast Asia, making it a standout investment in a volatile market. My firsthand experience in Indonesia confirmed Grab's superior service and reliability compared to competitors, reinforcing my confidence in its long-term potential. Grab's diversified superapp model, including mobility, food delivery, and digital banking, drives impressive growth and operational efficiency, positioning it as a leader in Southeast Asia.
Grab Holdings Ltd NASDAQ: GRAB is the largest rideshare operator in Southeast Asia, serving nearly 44 million monthly transacting users (MTUs), also known as "paying users," across eight countries, including its base in Singapore, Indonesia, Malaysia, Thailand, Vietnam, Cambodia, Myanmar and the Philippines.
Through a series of events, Grab stock suddenly became everyone's favorite stock. The hype didn't last long as Grab reported mixed Q4 earnings results, sending shares lower by 10%. Despite the selloff, Grab is on the best fundamental footing ever.
In this video, I will talk about Grab (GRAB -10.39%) and its recent earnings report. Watch the short video to learn more, consider subscribing, and click the special offer link below.