To this end, the Maybank, DBS and CGSI analysts have all raised their target prices to US$5.40 ($7.23), US$5.16 and US$4.90 respectively.
Analysts at Maybank Securities have upgraded Grab to “buy” while those at DBS Group Research and CGS International are keeping their “buy” and “add” calls following Grab’s 3QFY2024 ended September earnings beat.
This follows a relatively muted 2QFY2024, as Grab makes a solid comeback with an across-the-board improvement, exceeding consensus expectations.
