Grab Holdings Ltd
No enriched coverage for $GRAB in the last 7 days.
No SEC Form 4 filings for $GRAB in the last 30 days.
Three analysts have issued bullish sentiments on technology stocks ServiceNow (NOW), Grab (GRAB), and Corning (GLW). Goldman Sachs maintained a Buy rating on ServiceNow with a $163.00 price target, while Phillip Securities maintained a Buy rating on Grab with a $7.00 price target. Mizuho Securities also maintained a Buy rating on Corning with a $220.00 price target.
Principal Financial Group Inc. significantly increased its stake in Grab Holdings Limited (NASDAQ:GRAB) by 68.3% in the third quarter, bringing its total ownership to over 10.2 million shares valued at approximately $61.53 million. Despite a recent earnings per share miss, Wall Street analysts maintain a "Buy" consensus rating for Grab with an average target price of $6.47, following several positive adjustments from major firms like Barclays and Jefferies. The company's shares recently traded at $4.27, possessing a market capitalization of $17.2 billion.
Recent analyst actions include upgrades for Grab Holdings (GRAB) and Veeva Systems (VEEV) due to business segment progress and strong growth potential, respectively. Conversely, Intel (INTC) and AMD (AMD) have faced downgrades driven by concerns over valuation, competition, and weak momentum despite the robust AI chip market. These actions reflect a careful balance between promising advancements and significant market risks in the tech sector.
