10 Best Penny Stocks with Huge Upside Potential

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​6. Grab Holdings Limited (NASDAQ:GRAB)

Number of Hedge Fund Holders: 50

Analyst Upside Potential: 68.50%

Grab Holdings Limited (NASDAQ:GRAB) is one of the Best Penny Stocks with Huge Upside Potential. On May 21, Sachin Mittal from DBS maintained a Buy rating on Grab Holdings Limited (NASDAQ:GRAB) with a price target of $5.93. Earlier on May 11, Phillip Securities had reiterated a Buy rating on the stock with a price target of $7.

​The positive ratings follow the company’s fiscal Q1 2026 earnings, which showed improvements in the top and bottom line. During the quarter, the company reported a revenue of $955 million, reflecting 24% year-over-year growth. The growth was attributed to on-demand and financial services. The on-demand GMV also grew 24% during the same time to reach $6.1 billion. Moreover, the company also witnessed an increase of 17% in monthly transacting users, and GMV per transacting user increased 4%.

​The profitability also improved with adjusted EBITDA increasing 46% year-over-year to reach a record high of $154 million. As a result, the margins were lifted from 13.7% a year ago to 16.2% in Q1. Management has reiterated its full-year guidance at revenue in the range of $4.04 billion to 4.10 billion and adjusted EBITDA in the range of $700 million to $720 million.

​Grab Holdings Limited (NASDAQ:GRAB) offers a superapp in Southeast Asia, providing services across deliveries, mobility, and digital financial services. The company serves millions of consumers in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

While we acknowledge the potential of GRAB to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GRAB and that has 100x upside potential, check out our report about the cheapest AI stock.

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