Jefferies Sticks to Its Buy Rating for Grab (GRAB)

In a report released today, Thomas Chong from Jefferies maintained a Buy rating on Grab, with a price target of $6.80. The company’s shares opened today at $5.99.

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According to TipRanks, Chong is a 5-star analyst with an average return of 16.5% and a 59.23% success rate. Chong covers the Communication Services sector, focusing on stocks such as Baidu, Bilibili, and Kuaishou Technology Class B.

Grab has an analyst consensus of Strong Buy, with a price target consensus of $6.49, implying an 8.35% upside from current levels. In a report released on October 7, Morgan Stanley also maintained a Buy rating on the stock with a $6.95 price target.

The company has a one-year high of $6.62 and a one-year low of $3.36. Currently, Grab has an average volume of 44.37M.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GRAB in relation to earlier this year.