Grab Holdings Posts 19% Q4 Revenue Growth, Analysts Forecast 50% Upside
Bank of America Securities kept Grab Holdings at Buy with a $6.20 target after Q4 2025 revenue rose 19% to $906 million and adjusted EBITDA jumped 54% to $148 million. Analysts highlight record GMV of $6.1 billion (+21%), 50 million monthly users, 55% institutional ownership and a $500 million buyback authorization.
1. Q4 2025 Results
Grab generated $906 million revenue in Q4 2025, up 19% year-over-year, with on-demand GMV climbing 21% to $6.1 billion. Profit reached $153 million and adjusted EBITDA surged 54% to $148 million as monthly transacting users topped 50 million for the first time.
2. Analyst Ratings and Valuation
Bank of America Securities reaffirmed a Buy rating with a $6.20 price target, while other analysts see roughly 50% upside to $6.50 as the stock trades near 40X forward earnings. Institutional owners hold 55% of shares and the board has authorized a $500 million share-buyback to support valuation.
3. Long-Term Outlook
Grab projects adjusted EBITDA of $1.5 billion and 80% free cash flow conversion by 2028, leveraging its diversified platform across ride-hailing, delivery, payments, fintech and other services. Continued Southeast Asia expansion and profitability milestones underpin management’s optimistic multi-year growth targets.