5 Best Tech Stocks Under $5 to Buy

Page 5 of 5

1. Grab Holdings Limited (NASDAQ:GRAB)

Number of Hedge Fund Holders: 50

Grab Holdings Limited (NASDAQ:GRAB) is one of the best tech stocks under $5 to buy. BofA cut the price target on Grab Holdings Limited (NASDAQ:GRAB) to $5.20 from $6.20 on May 5, maintaining a Buy rating on the shares. The firm told investors that the company’s fiscal Q1 was “largely in-line”, adding that it sees “steady momentum” heading into fiscal Q2. Grab Holdings Limited (NASDAQ:GRAB) also received a rating update from Morgan Stanley, with the firm lowering the price target on the stock to $5.90 from $6.40 while maintaining an Overweight rating on the shares.

In its financial results for fiscal Q1 2026, Grab Holdings Limited (NASDAQ:GRAB) reported that revenue grew 24% year-over-year to $955 million. On-Demand GMV for the quarter also rose 24% year-over-year to $6.1 billion, while profit for the period was $120 million. Management further reported that adjusted EBITDA grew 46% year-over-year to $154 million in fiscal Q1 2026, with adjusted free cash flow of $489 million on a trailing twelve-month basis.

Grab Holdings Limited (NASDAQ:GRAB) provides millions of consumers access to its merchant and driver partners for food delivery, ride or taxi hailing, package delivery, payment for online purchases, and services such as telemedicine, lending, and insurance through its application.

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.

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 5 of 5
1281292 - 11759070 - 1