Citi Analysts Keep Buy Rating on GRAB

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.

Citi Analysts Keep Buy Rating on GRAB

A customer enjoying the convenience of a mobile financial services transaction.

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, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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