FMP
Jun 27, 2024 4:39 PM - Davit Kirakosyan
Image credit: FMP
Mizuho Securities analysts initiated coverage on Grab Holdings (NASDAQ:GRAB) with an Outperform rating and a price target of $5 on the stock. The analysts believe that the on-demand mobility and delivery sectors in Southeast Asian markets have significant growth potential, with a large total addressable market (TAM) and currently low penetration rates. As the leading player in this category, Grab is expected to leverage economies of scale and network effects to increase market share and improve unit economics as competition stabilizes.
The analysts forecast an impressive 80% CAGR in EBITDA for Grab over the next three years, supported by these structural advantages. The analysts also find the current valuation attractive, noting that Grab is trading at 11x its projected fiscal 2026 core EBITDA. Despite pressure from major shareholder selling and concerns about increased investments in 2024, the analysts don’t see these issues as structural and consider the stock's significant discount to its peers as an opportunity for investors.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...