5 Must-Buy Penny Stocks to Invest In Now

In this article, we will list the 5 Must-Buy Penny Stocks to Invest In Now. Please visit 9 Must-Buy Penny Stocks to Invest In Now if you would like to see the extended list and the methodology behind it.

5. Grab Holdings Ltd (NASDAQ:GRAB)

Number of Hedge Fund Holders: 61

Upside Potential: 57.48%

Stock Price: $4.21

Grab Holdings Ltd (NASDAQ:GRAB) is among the must-buy penny stocks to invest in now. Despite high fuel prices presenting headwinds for Grab Holdings Ltd (NASDAQ:GRAB), BofA Securities sees a favorable risk-reward in the stock. On April 17, BofA reaffirmed its Buy rating and $6.20 price target on Grab stock.

Grab, a superapp operator, plans to hold a conference call on May 4 to discuss its Q1 2026 results. BofA expects the call to focus heavily on the impact on consumer demand and costs due to higher fuel prices.

Source:Pixabay

The firm notes that Grab has increased fuel supercharge temporarily in Singapore for the period between April 7 and May 31. It says that Grab may introduce surcharges in its other markets if the higher fuel prices persist for a longer period. So far, however, BofA has noted that retail checks show that the increased supercharge in domestic has not had a notable hit on demand.

Beyond managing the spike in fuel prices, Grab is working to bolster its business and return more cash to shareholders. On March 24, the company said it plans to repurchase $400 million shares of its own stock over the next four months. It said that this accelerated repurchase plan was part of the $500 million buyback program that its board approved in February.

According to the management, the repurchase plan demonstrates confidence in Grab’s financial strength and long-term outlook. Meanwhile, Grab is in the process of expanding its business in Taiwan with the acquisition of Delivery Hero’s food delivery operation in the country. It announced on March 23 that it would acquire the business for $600 million in cash, and the transaction is expected to close in Q2 2026.

Grab Holdings Ltd (NASDAQ:GRAB) operates a superapp that connects providers to consumers for a broad array of services. The platform is used for things like ride-hailing, food delivery, and digital financial services. Grab Holdings does business in multiple countries but is headquartered in Singapore.