5 Best Fundamentally Strong Penny Stocks to Invest In Now

4. Grab Holdings Limited (NASDAQ:GRAB)

Upside Potential as of May 1, 2026: 72.39%

On April 20, Ranjan Sharma, an analyst at JPMorgan, trimmed the price target on Grab Holdings Limited (NASDAQ:GRAB) to $5.90 from $6.10 and reiterated an Overweight rating.

BofA Securities, too, remains positive on Grab Holdings Limited (NASDAQ:GRAB) as it believes that the risk-reward is favorable. The firm expects the upcoming results conference call to center on the impact of increased fuel prices on demand, along with the influence of higher driver subsidies. The firm maintained a price target of $6.20 and a Buy rating on the company on April 17.

On March 23, Jefferies maintained a Buy rating on Grab Holdings Limited (NASDAQ:GRAB) with a price target of $6.70 after the company announced Taiwan’s foodpanda acquisition. Thomas Chong, an analyst at the firm, says the deal came as a surprise to the market, enabling the company to mirror its Southeast Asian delivery success in Taiwan. This will be driven by affordability, reliability, and technology.

The deal includes a cash consideration of $600 million, reflecting a 30% discount to the price Uber suggested in 2024. Grab Holdings Limited (NASDAQ:GRAB) views the acquisition as a factor behind the boost in 2026 revenue and adjusted EBITDA in 2028, after accounting for integration expenses.

Grab Holdings Limited (NASDAQ:GRAB) is Southeast Asia’s leading superapp by GMV across food delivery, mobility, and financial services. From necessities to earning opportunities, the company claims to be an all-in-one platform.