DBS research lowered the target price of grab
$Grab Holdings(GRAB.US$
DBS research recently lowered the target price of grab from $5.60 to $2.93.
DBS changed the valuation index of grab to take 2.8 times of turnover as the 12-month forward value of grab, which is consistent with global peers such as Uber and doordash.
Among the eight analysts at tipranks, four gave the stock a "buy" and the other four recommended "hold". The average target price for a one-year period is $5.26.
DBS research recently lowered the target price of grab from $5.60 to $2.93.
DBS changed the valuation index of grab to take 2.8 times of turnover as the 12-month forward value of grab, which is consistent with global peers such as Uber and doordash.
Among the eight analysts at tipranks, four gave the stock a "buy" and the other four recommended "hold". The average target price for a one-year period is $5.26.
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hmk_nokia : 5.6 to 2.93? That’s a huge move