Citi lowered the firm’s price target on Grab Holdings to $5 from $5.20 and keeps a Buy rating on the shares. While Grab reported a beat on Q4 revenue and net profit, gross merchandise volume and EBITDA came shy of consensus expectations, the analyst tells investors in a research note. The firm vies the latest share price weakness as an enhanced buying opportunity.
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Read More on GRAB:
- GRAB Earnings: Grab Slides amid Weak FY24 Outlook
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