DBS analyst Sachin Mittal maintained a Buy rating on Grab today and set a price target of $7.55. The company’s shares closed yesterday at $5.92.
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According to TipRanks, Mittal is a top 100 analyst with an average return of 25.8% and a 74.75% success rate. Mittal covers the Technology sector, focusing on stocks such as Grab, SenseTime Group, Inc. Class B, and AvePoint.
In addition to DBS, Grab also received a Buy from Citi’s Alicia Yap in a report issued on October 14. However, on the same day, Bank of America Securities maintained a Hold rating on Grab (NASDAQ: GRAB).
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 44.31M.
Based on the recent corporate insider activity of 38 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.
Read More on GRAB:
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- Moderately bullish activity in Grab Holdings Ltd with shares up 2.37%
- Grab Holdings Ltd call volume above normal and directionally bullish
- Hold Recommendation for Grab Amid Strong Q3 Performance and Growth Prospects
- Optimistic Buy Rating for Grab Driven by Strong Financial Performance and Strategic Growth
- Moderately bullish activity in Grab Holdings Ltd with shares up 2.54%
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