5 Single-Digit Stocks With Double-Digit Growth Potential

4. Grab Holdings Limited (NASDAQ:GRAB)

Share Price: $3.57

Stock Upside Potential: 73.53%

Number of Hedge Fund Holders: 61

Grab Holdings Limited (NASDAQ:GRAB) is one of the single-digit stocks with double-digit growth potential. On March 24, Grab Holdings Ltd (NASDAQ:GRAB) announced plans to repurchase $400 million in Class A ordinary shares over the next four months.

The company is to execute an accelerated share repurchase of $250 million and $150 million as part of the previously announced $500 million buyback program. JPMorgan Chase Bank, National Association, and a contingent forward purchase agreement with Morgan Stanley & Co. LLC is to oversee the acquisition.

The repurchase underscores management’s confidence in the company’s financial strength and long-term prospects. Additionally, the repurchase at current levels provides a clear opportunity to enhance shareholder value by reducing the amount of shares in circulation.

The company is targeting $1.5 billion in adjusted EBITDA by 2028 and 80% adjusted free cash flow conversion. Grab Holdings is also leveraging its robust balance sheet and net cash liquidity while maintaining a disciplined approach to capital allocation.

Grab Holdings Limited (NASDAQ:GRAB) is a leading Southeast Asian “super app” that provides everyday services through a single mobile platform, operating in eight countries. It offers ride-hailing (transportation), food/grocery delivery, and comprehensive digital financial services, including payments, lending, and insurance, serving millions of users daily.