GRAB Stock Recent News

In the latest trading session, Grab Holdings Limited (GRAB) closed at $3.98, marking a -1.73% move from the previous day.

On this episode of After Earnings, Ann Berry sits down with Grab CFO Peter Oey. Grab is a leading super app in Southeast Asia, offering everything from ride-hailing to food delivery, grocery services, and digital payments. The company went public via a $40B SPAC in 2021, but its stock has since dropped 64% as it works toward profitability. Still, growth hasn't slowed; revenue rose 19% in 2024, and its digital bank, GXS, now holds $1.2 billion in deposits. We spoke with Peter about whether super apps can become profitable, and why Southeast Asia is worth watching.

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%.