Morgan Stanley Ups Price Target to $6.25 as Grab Reports 22% Revenue Growth
GRAB•Grab Holdings posted 22% revenue growth and 582% forward EPS expansion, while its financial services division grew revenue 43% to $107 million and increased loans disbursed 67% to $1.1 billion. Morgan Stanley kept an overweight rating and raised its price target to $6.25, supported by a 1.26 average recommendation.
1. Robust Overall Financial Performance
Grab reported 22% year-over-year revenue growth and an impressive 582% increase in forward earnings per share, reflecting powerful momentum across its core ride-hailing, food delivery and other services.
2. Analyst Support and Price Target Revision
Morgan Stanley maintained an overweight rating and raised its price target to $6.25 from $5.90, while the average recommendation across 17 brokers stands at 1.26, underscoring strong market confidence.
3. Rapid Finance Segment Expansion
The financial services division achieved 43% annual revenue growth to $107 million and boosted total loans disbursed by 67% to $1.1 billion, highlighting significant traction in its lending and banking offerings.
