10 Best Tech Stocks To Buy Under $5

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1. Grab Holdings Limited (NASDAQ:GRAB)

Share Price: $4.92

Number of Hedge Fund Holders: 56

Grab Holdings Limited (NASDAQ:GRAB) is one of the 10 best tech stocks to buy under $5. On May 29, Citi analysts reiterated a “Buy” rating on Grab Holdings Limited (NASDAQ:GRAB) with a price target of $6.20.

This decision came after the company took part in the Citi Pan-Asia Conference in Singapore. Grab Holdings Limited’s (NASDAQ:GRAB) management team expressed confidence in maintaining growth momentum across Southeast Asia.

At the conference, the company’s management noted that the competition in the ride-hailing market is manageable, even with new low-cost competitors entering the space.

Grab Holdings Limited (NASDAQ:GRAB) also pointed out opportunities for higher advertising revenues and loan book expansion. The company is focused on growing monthly transacting users, gross merchandise value, and improving EBITDA and cash flow.

Citi’s analysts kept their positive stance on Grab Holdings Limited (NASDAQ:GRAB) and see it as an important company in the ASEAN Internet sector.

Grab Holdings Limited (NASDAQ:GRAB) offers a superapp in Southeast Asia, providing services across deliveries, mobility, and digital financial services. The company serves over 800 cities in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

While we acknowledge the potential of GRAB as an investment, 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 a 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 10 Best Oil and Gas Stocks to Buy Now.

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