GRAB Stock Recent News
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Sustained growth and prosperity: Isn't that what everyone wants? The answer is generally a resounding ‘yes' whether it applies to human beings or the stock market.
Stocks to make you rich — who doesn't like the sound of that? Thanks to the Fed holding interest rates steady and healthy corporate profits, the S&P 500 builds on last year's performance.
Growth stocks are where the real money is made in the market. That's especially true for investors that can identify those with the potential to deliver substantial profits now or in the future.
Grab Holdings: Double Digit Growth And New Financial Partners Make It A Buy
Grab's stock performance has been disappointing since its IPO, currently sitting at $3.16, significantly below its IPO price. Grab's fundamentals have improved since the IPO, with revenue growth and a clear path to consistent profitability and cash flow generation. Potential catalysts for Grab include a share buyback program and expanding financial services in key markets. I rate Grab a buy. At $3, it appears undervalued, in my opinion.
Peter Oey, CFO of the Southeast Asian ride-hailing and delivery company, discusses its results and says it'll invest in a "new set of features," among other things.
Despite a recent decline in the leading economic index, the U.S. economy is positioned for a positive future in 2024. Strong employment and robust stock levels contribute to the optimistic outlook.
Indonesian tech giant GoTo in a Tuesday filing said it is "not having any discussion on such matters."
GoTo has denied that it is in merger talks with Grab Holdings. The company said in a Tuesday (Feb. 13) filing that it “is not having any discussion on such matters,” Reuters reported Tuesday.
NEW YORK, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB, the “Company” or “Grab”), plans to announce its unaudited fourth quarter and full year 2023 results before the U.S. market opens on February 22, 2024.