Grab Holdings rises after lifting its annual forecasts

Grab Holdings

04/08/2026 15:49

** Shares of Singaporean tech company Grab Holdings GRAB.O up 3.3% at $3.79
** GRAB raised its annual revenue forecasts on Tuesday and now expects revenue between $4.10 bln and $4.15 bln for 2026
** GRAB is the biggest ride-hailing and delivery firm in Southeast Asia
** Co's Q2 revenue rose 22% to $997 mln, beating analysts' estimate of $990.8 mln, according to data compiled by LSEG
** 22 of 23 analysts rate stock "strong buy" or "buy" and one "hold"; their median PT is $5.92 
** Including session's move, GRAB down about 24% in the last 12 months

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.srivastava2@thomsonreuters.com;))