Grab Announces Stash Acquisition and Benchmark Reaffirms $7 Price Target
Benchmark reaffirmed its Buy rating on Grab with a $7 price target after Q4 results cleared overhang, noting FY26 guidance slightly below expectations. Grab signed definitive agreements to acquire Stash, targeting over $60 million adjusted EBITDA from Stash by 2028 and boosting its US expansion and AI capabilities.
1. Benchmark Rating and FY26 Guidance
Benchmark maintained its Buy rating on Grab with a $7 price target following mixed Q4 results that removed market overhang. Management's FY26 guidance came in slightly below market expectations, but confidence remains high due to the company’s multi-year growth plan.
2. Stash Acquisition Details
Grab signed definitive agreements to acquire Stash Financial, expanding into the US digital financial services market. The deal aims to accelerate Stash’s growth stateside while exploring deployment of its AI Money Coach and investment offerings in Southeast Asia.
3. Strategic EBITDA Targets
Grab’s management outlined a three-year roadmap targeting $1.5 billion in adjusted EBITDA by FY28. Stash is projected to contribute over $60 million in adjusted EBITDA by 2028, supporting Grab’s broader profitability objectives.