What Does Wall Street Think About Grab Holdings Limited (GRAB)?

Grab Holdings Limited (NASDAQ:GRAB) is one of the best growth stocks under $50 to buy now. On August 4, Morgan Stanley analyst Divya Gangahar maintained a Buy rating on Grab Holdings Limited (NASDAQ:GRAB), retaining the price target of $6.05.

Is Grab Holdings Limited (GRAB) the Best Low Priced Stock to Invest in For the Long Term?

Venugopal Garre from Bernstein also expressed bullish sentiments for the stock on August 1, giving Grab Holdings Limited (NASDAQ:GRAB) a Buy rating with a price target of $5.60.

The same day, Mizuho Securities also maintained a Buy rating on Grab Holdings Limited (NASDAQ:GRAB), setting a $6.00 price target.

Currently, the analyst consensus on Grab Holdings Limited (NASDAQ:GRAB) is a Strong Buy, with the stock’s median price target of $5.20 implying an upside of 15.50% from current levels.

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. The company’s operations across mobility, deliveries, and digital financial services span eight Southeast Asian countries.

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 this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.