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Investing.com - Evercore ISI has reiterated an Outperform rating and $8.00 price target on Grab Holdings Inc. (NASDAQ:GRAB) following the company’s third-quarter earnings results. The target represents a potential 32% upside from the current price of $6.07, with the stock already delivering an impressive 28.6% return year-to-date.
Grab reported total Gross Merchandise Value (GMV) of $5.8 billion, representing 20% year-over-year growth excluding foreign exchange effects, which exceeded both Evercore ISI and Street expectations with strong performance in both Delivery and Mobility segments.
The company posted revenue of $873 million, up 17% excluding foreign exchange impacts, modestly beating analyst forecasts, while achieving record-high EBITDA of $136 million with a margin of 15.6%, significantly above expectations.
Evercore ISI noted that Grab continued to show robust consumer demand despite trade policy uncertainties, grew its Monthly Transacting Users (MTUs) to a new record high, and maintained innovation around new products to drive platform frequency and efficiency.
Following these results, Grab raised its full-year 2025 guidance, increasing the midpoint of its revenue range by 1% and improving its EBITDA midpoint forecast by 5%.
In other recent news, Grab Holdings Limited reported its third-quarter financial results, revealing a mixed performance. The company achieved revenue of $873 million, surpassing analyst estimates of $870.64 million and marking a 22% increase compared to the previous year. Despite this revenue beat, the profit for the quarter was $17 million, only a slight increase of $2 million from the same period last year. This modest profit growth fell short of investor expectations, leading to some disappointment. The revenue figures highlight the company’s continued expansion, but the limited profit increase raises questions about its profitability. These developments are part of the broader landscape of recent events concerning Grab Holdings Limited.
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