GRAB Price Prediction Next Week
Technical Analysis: GRAB's stock has shown significant volatility in recent trading sessions, with the price declining from $3.56 to $3.16 over the past week. The stock is currently displaying a bearish trend in the short term.
News Sentiment & Catalyst Analysis:
- JPMorgan recently upgraded GRAB to Overweight with a $5.60 price target, citing conservative FY25 adjusted EBITDA guidance and potential for positive earnings revisions
- The company is showing improved cost management and expanding its user base in Southeast Asia
- Advertising revenue growth is notable, with ad revenues reaching 1.7% of deliveries GMV in Q4, and active advertisers on the self-serve platform increased by 63% YoY
- Potential merger talks with GoTo aimed for completion by 2025 could be a significant catalyst
Price Prediction for Next Week: Based on technical indicators and recent news sentiment:
- Support level: $3.08 (recent low)
- Resistance level: $3.57 (recent high)
- Target price range: $3.25-$3.45
Trading Recommendation: SELL with the following rationale:
- Current bearish momentum suggests further downside potential
- RSI indicates oversold conditions haven't been reached yet
- Volume has been increasing on down days, suggesting stronger selling pressure
- Despite positive analyst upgrades, the technical setup suggests a short-term pullback before potential recovery
Suggested entry point for short positions: Current price ($3.16) Stop loss: $3.35 Target: $2.95
GRAB Similar Chart Price Prediction
The price of GRAB is predicted to go up -23.08%, based on the high correlation periods with USEG. The similarity of these two price pattern on the periods is 90.94%.
GRAB
USEG
Down: -23.08%Similarity: 90.94%
GRAB Revenue Forecast
GRAB EPS Forecast
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GRAB VS S&P500
Grab operates mostly in emerging markets, which should see above-average GMV growth in the short to mid term relative to developed peers.
Seventy percent of Southeast Asia's population is either underbanked or unbanked, which facilitates growth for Grab's financial services business.
The mobility business has no major competitors, which could facilitate continued robust GMV growth.
GRAB Analyst's Forecast
Ranjan Sharma
JP Morgan
Hold → Buy
2025-02-21
Price Target
$5.6
Upside
+14.29%
JPMorgan upgraded Grab Holdings to Overweight from Neutral with a $5.60 price target. The stock declined 10% today as the company's FY25 adjusted EBITDA guidance had likely underwhelmed buyside expectations, though with investor expectations anchored to guidance, earnings delivery over the year will likely drive positive revisions in earnings expectations, the analyst tells investors in a research note.
Jiong Shao
Barclays
Buy
2025-02-20
Price Target
$5.5 → $6.5
Upside
+35.84%
Sachin Salgaonkar
B of A Securities
Strong Buy → Sell
2024-11-22
Price Target
$4.9
Downside
-3.35%
