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Investing.com - Jefferies has raised its price target on Grab Holdings Inc. (NASDAQ:GRAB) to $6.80 from $6.30 while maintaining a Buy rating on the stock. The Southeast Asian super-app company, currently trading at $6.00 with a market cap of $23.9 billion, has delivered impressive returns of over 60% in the past year.
The firm expects Grab to demonstrate strong execution and has revised upward its projections for GMV (Gross Merchandise Value), revenue, and adjusted EBITDA for the third quarter. According to InvestingPro data, analysts expect revenue growth of 22% this year, with 12 additional exclusive insights available to subscribers.
Jefferies anticipates deliveries GMV to accelerate year-over-year, driven by product-led strategies, with margins expected to further improve in the third quarter compared to the second quarter.
For the mobility segment, the firm notes that GMV is benefiting from new users, higher frequencies in tier 1 cities, and increased penetration in smaller cities, while financial services are expected to show fast growth.
Jefferies has factored lower regional corporate costs into its third-quarter projections for the Southeast Asian super-app company.
In other recent news, Grab Holdings Ltd reported its Q2 2025 earnings, aligning with expectations for earnings per share (EPS) and slightly surpassing revenue forecasts. The company posted an EPS of $0.01, matching analyst predictions, while revenue reached $819 million, slightly above the anticipated $812.79 million. Additionally, HSBC downgraded Grab Holdings Inc. from Buy to Hold due to valuation concerns following a significant rally in the stock price over the past year. The firm adjusted its price target to $6.20 from $6.00, noting that Grab shares have surged approximately 77% over the past 12 months. These developments highlight recent financial and market activities surrounding Grab Holdings Ltd.
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