Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Grab (GRAB – Research Report), Lenovo Group (LNVGF – Research Report) and Venture (VEMLF – Research Report).
Grab (GRAB)
In a report issued on February 22, Sachin Mittal from DBS maintained a Buy rating on Grab, with a price target of $4.08. The company’s shares closed last Friday at $3.16.
According to TipRanks.com, Mittal is a 5-star analyst with an average return of
Currently, the analyst consensus on Grab is a Strong Buy with an average price target of $4.31, representing a 34.7% upside. In a report issued on February 21, J.P. Morgan also maintained a Buy rating on the stock with a $3.80 price target.
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Lenovo Group (LNVGF)
In a report issued on February 23, Jim Hin Kwong Au from DBS maintained a Hold rating on Lenovo Group, with a price target of HK$8.40. The company’s shares closed last Thursday at $1.10.
According to TipRanks.com, Au is a 4-star analyst with an average return of
Lenovo Group has an analyst consensus of Moderate Buy, with a price target consensus of $1.37, implying a 24.5% upside from current levels. In a report issued on February 15, Morgan Stanley also initiated coverage with a Hold rating on the stock with a HK$9.70 price target.
Venture (VEMLF)
In a report issued on February 22, Ling Lee Keng from DBS maintained a Buy rating on Venture, with a price target of S$16.90. The company’s shares closed last Thursday at $10.20.
According to TipRanks.com, Keng is ranked #2794 out of 8743 analysts.
Currently, the analyst consensus on Venture is a Moderate Buy with an average price target of $11.43, implying a 12.1% upside from current levels. In a report issued on February 23, UOB Kay Hian also maintained a Buy rating on the stock with a S$16.37 price target.
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Read More on GRAB:
- Grab Holdings price target lowered to $5 from $5.20 at Citi
- GRAB Earnings: Grab Slides amid Weak FY24 Outlook
- Grab Holdings sees FY24 revenue $2.70B-$2.75B, consensus $2.8B
- Grab Holdings reports Q4 EPS 1c, consensus (1c)
- Grab Reports Fourth Quarter and Full Year 2023 Results and Announces Inaugural Share Repurchase Program of Up to $500 Million
