Citi Keeps Their Buy Rating on Grab (GRAB)

Citi analyst Alicia Yap maintained a Buy rating on Grab today and set a price target of $7.00. The company’s shares closed today at $5.91.

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According to TipRanks, Yap is a 4-star analyst with an average return of 7.7% and a 46.92% success rate. Yap covers the Consumer Cyclical sector, focusing on stocks such as JD, Alibaba, and Meituan.

In addition to Citi, Grab also received a Buy from Jefferies’s Thomas Chong in a report issued yesterday. However, today, Bank of America Securities maintained a Hold rating on Grab (NASDAQ: GRAB).

GRAB market cap is currently $23.89B and has a P/E ratio of 215.64.

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.