10 Best Robinhood Stocks to Buy According to Billionaires

8. Grab Holdings Limited (NASDAQ:GRAB)

Number of Billionaire Holders: 18

On May 7, China Renaissance analyst Yiwen Zhang upgraded Grab Holdings Limited (NASDAQ:GRAB) to Buy from Hold. The analyst set a $5 price target on the stock.

On May 4, Reuters reported that Grab posted first-quarter revenue above Wall Street expectations, and these results were supported by steady demand for its ride-hailing and food-delivery services after the company introduced promotional offers and bundled features to attract more users. The company has also been working to increase spending on its platform by adding artificial intelligence features to its superapp and combining its ride-hailing, delivery, and financial services into a more connected ecosystem.

Quarterly revenue rose 24% year-over-year to $955 million, ahead of analysts’ estimates of $921.1 million, according to LSEG data. Deliveries revenue climbed 23% to $510 million, while mobility revenue increased 19% to $337 million. Shares of the company gained 1.6% in extended trading. On-demand gross merchandise value increased 24% to $6.1 billion. Growth in both mobility and deliveries accelerated despite the seasonal softness usually linked to regional festive periods. Profit reached $120 million, up sharply from $10 million a year earlier.

Grab Holdings Limited (NASDAQ:GRAB) operates as a superapp across Southeast Asia, with businesses in deliveries, mobility, and digital financial services. Its delivery platform connects drivers, merchants, and consumers through a local logistics network that supports both on-demand and scheduled delivery services.