10 Best Penny Stocks That Could Skyrocket in 2026

​7. Grab Holdings Limited (NASDAQ:GRAB)

Number of Hedge Fund Holders: 50

Upside Potential: 79.13%

Grab Holdings Limited (NASDAQ:GRAB) is one of the Best Penny Stocks That Could Skyrocket in 2026. The stock has declined more than 9% over the past month, mainly due to a softer 2026 revenue outlook.

​However, analysts see a potential recovery for the stock as their 12-month average price target suggests more than 79% upside from the current level. This optimism is based on the execution of a $500 million share buyback program, which is expected in the fiscal second quarter of 2026.

​The recent decline in share price comes despite strong fiscal Q1 2026 earnings. The company started 2026 strongly despite the first quarter being seasonally softer, mainly due to on-demand gross merchandise value, which grew 24% year-over-year to $6.1 billion. Revenue for the quarter also grew 24% year-over-year to $955 million. Notably, the adjusted EBITDA reached a record of $154 million, reflecting 46% year-over-year growth.

​CEO Anthony Tan highlighted AI as a key lever going forward. Management is focused on using AI to deliver hyper-personalized experiences for users. The full-year outlook was somewhat softer as management reaffirmed the revenue target of $4.04 billion to $4.10 billion and adjusted EBITDA target of $700 million to $720 million.

Grab Holdings Ltd. (NASDAQ:GRAB) operates deliveries, mobility, and digital financial services in eight countries in Southeast Asia: Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

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