Grab Holdings’ Stock Surges Past Analyst Target: What’s Next?
Recently, Grab Holdings Ltd (Symbol: GRAB) saw its shares rise above the average analyst 12-month target price of $5.26, trading at $5.46 each. When a stock hits this target, analysts have two choices: either downgrade their valuation or adjust their target price higher. The decision often hinges on the company’s underlying business developments that could fuel further price increases. If prospects are bright for Grab, it may warrant a revised, higher target price.
In the Zacks coverage universe, there are 13 different analysts contributing to the average target for Grab Holdings Ltd. While the average price provides a general overview, individual estimates can vary significantly. Some analysts predict a price as low as $4.00, while others set a target as high as $8.00, resulting in a standard deviation of $1.012.
Investors find value in considering the average GRAB price target because it reflects a collective judgment, offering insights beyond a single expert’s opinion. With GRAB now trading above the average target price of $5.26, shareholders are encouraged to reassess their positions. They must ponder: Is this just an early step towards even higher targets, or has the valuation climbed too high? Below is a table displaying the current views of analysts covering Grab Holdings Ltd:
| Recent GRAB Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 13 | 13 | 13 | 13 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 0 | 0 | 0 | 0 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.04 | 1.04 | 1.04 | 1.04 |
The average rating, shown in the last table row, ranges from 1 to 5, where 1 signifies a Strong Buy and 5 represents a Strong Sell. This analysis utilized data from Zacks Investment Research via Quandl.com. Discover the latest Zacks research report on GRAB — absolutely FREE.
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Additional Resources:
● Preferred Stock Ex-Dividend Calendar
● Institutional Holders of FTEL
● Elastic Historical PE Ratio
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
