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J.P. Morgan Sticks to Its Buy Rating for Grab (GRAB)

Tipranks - Tipranks - Sat Jul 4, 8:38AM CDT

In a report released yesterday, Ranjan Sharma from J.P. Morgan maintained a Buy rating on Grab, with a price target of $5.70. The company’s shares closed yesterday at $3.90.

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According to TipRanks, Sharma is ranked #4430 out of 12296 analysts.

Grab has an analyst consensus of Strong Buy, with a price target consensus of $6.10, a 56.41% upside from current levels. In a report released on June 29, Morgan Stanley also reiterated a Buy rating on the stock with a $6.25 price target.

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Based on Grab’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $955 million and a net profit of $136 million. In comparison, last year the company earned a revenue of $773 million and had a net profit of $24 million

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