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Grab's big quarter has some analysts seeing further stock gains
The Straits Times
|December 17, 2024
There are more gains to come in Grab Holdings' stock after a 35 per cent surge so far this quarter, according to some analysts.
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The ride-hailing and delivery firm will boost its profit as it fends off competition and benefits from scale, according to Evercore ISI International, which recently raised the stock's price target to US$8 from US$7. That implies a 56 per cent upside from the shares' current level.
Analysts expect the company to swing back to a US$6.5 million (S$8.8 million) operating profit in the current quarter, from a US$38 million loss in the preceding three months, according to data compiled by Bloomberg.
Cette histoire est tirée de l'édition December 17, 2024 de The Straits Times.
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