Grab Holdings price target raised to $6.50 from $5.50 at Barclays

Barclays analyst Jiong Shao raised the firm’s price target on Grab Holdings (GRAB) to $6.50 from $5.50 and keeps an Overweight rating on the shares following the “solid” Q4 report. Better than expected gross merchandise volume for both delivery and mobility demonstrates growth acceleration is likely into 2025, the analyst tells investors in a research note. The firm also believes recent consumption vouchers in Singapore should add incremental growth in Grab’s Q1 and beyond.