Grab Holdings Limited

Morgan Stanley raised Grab's price target to $5.70, citing growth in Indonesia and cross-selling advantages. JP Morgan upgraded Grab to 'overweight' with a target of $5.60.

Deutsche Bank's research team highlighted Grab's strong balance sheet and continued user growth in its 4Q earnings, which reported a new high in adjusted EBITDA.

In March 2022, Grab (GRAB) reported a 44% drop in quarterly revenue and a $1.1 billion loss due to higher spending on driver and consumer incentives.