New York, Jan 18, 2026, 05:44 EST — Market closed
- Grab shares ended Friday at $4.38, slipping 0.2%
- HSBC raised its rating on Grab to Buy from Hold, with a $6.20 price target.
- U.S. markets remain closed Monday in observance of Martin Luther King Jr. Day; trading picks up again Tuesday
HSBC raised its rating on Grab Holdings to Buy from Hold on Friday, citing the stock’s valuation as “turned attractive” following a recent selloff. Grab’s shares ended the day down 0.2%, at $4.38. 1
The timing is key since U.S. equity markets will be closed Monday in observance of Martin Luther King Jr. Day. Investors will have to adjust their positions when trading picks back up on Tuesday. 2
Since closing at $5.19 on Jan. 6, Grab has dropped roughly 16%, holding the stock steady in the mid-$4 range. Analysts remain divided over how much of this decline is already factored into the price. 3
HSBC’s Piyush Choudhary upgraded the stock to buy, setting a $6.20 price target, Benzinga reported. Remember, a price target reflects where a broker expects a stock to trade within a certain timeframe—it’s not a guarantee. 4
Grab announced on Jan. 13 that it will release unaudited fourth-quarter and full-year 2025 results after U.S. markets close on Feb. 11. A conference call is scheduled for 7:00 p.m. Eastern Time (8:00 a.m. Singapore time on Feb. 12). The company provides delivery, mobility, and digital financial services across eight Southeast Asian countries. 5
In the coming session and the week ahead, traders will be watching to see if the HSBC move attracts new buyers or simply eases the slide. Eyes are also on Grab, specifically what it reveals about margins and adjusted EBITDA—a profit measure that excludes interest, taxes, and certain non-cash or one-time expenses.
Grab has been pushing electric vehicles and deeper tech ties with its partners. Earlier this month, it announced a partnership with China’s GAC to roll out 20,000 EVs in Southeast Asia. The plan includes integrating Grab’s driver app directly into GAC’s cockpit system. Grab’s Chief Product Officer Philipp Kandal said this move is designed to “reduce our driver-partners’ cognitive load.” 6
Grab announced earlier this month it plans to acquire China-based AI robotics company Infermove to boost its first- and last-mile delivery capabilities, though it did not reveal the financial details. 7
The competitive landscape remains intense. Grab is under strain in ride-hailing and food delivery from regional players like Indonesia’s GoTo and Delivery Hero’s Foodpanda. This rivalry could push the company to increase spending on promotions and driver incentives. 8
Upgrades won’t prevent a stock from slipping if earnings miss expectations. Any sign of a weaker outlook or costs climbing faster than demand could push the stock down toward recent lows.
Friday saw roughly 65.5 million shares trade hands, underscoring how even modest price shifts can trigger significant volume in this stock. 9
Markets reopen Tuesday, and the key question is if the recent upgrade holds up in trading. The next major event: Grab’s earnings report on Feb. 11, after the bell. 10
