New York, Jan 20, 2026, 10:08 EST — Regular session
Shares of Grab Holdings Limited climbed roughly 1.3% to $4.44 in Tuesday morning trading, defying a wider selloff that dragged major U.S. stock indexes down over 1%.
Grab’s shares have been sliding for months, making this move significant as investors watch for signs the decline might be slowing ahead of quarterly results. BofA pointed out the stock has dropped 32% since Sept. 25, while the Nasdaq gained 3% over the same period. The past week hit Grab particularly hard, with analysts highlighting “oversold” signals—a technical indicator showing heavy selling pressure. 1
Bank of America’s Sachin Salgaonkar bumped Grab up to Buy from Neutral, holding firm on a $6.30 price target. He flagged a “disconnect” between the company’s fundamentals and its current valuation following the recent drop. Salgaonkar also noted that a possible share buyback might help cap the downside risk. 2
Investors weighed in on a report from Indonesia revealing that A5-DB Holdings, Grab’s investment arm in PT Super Bank Indonesia, raised its stake by 1.07%, reaching 11.10%. The increase came after purchasing 362.72 million shares across transactions on Jan. 14, 15, and 19, according to the report. 3
Such heavy cash deployment will likely sharpen focus on Grab’s financial services efforts, now a key pillar alongside its ride-hailing and delivery operations in the broader bull thesis.
Policy risk in Indonesia continues to hang over the market. Reuters reported last week that a draft presidential decree could slash the commission—what platforms earn from each trip—from 20% down to 10%, while also imposing additional benefit costs on companies. If these rules come into force rapidly, margins could take a hit. 4
Traders are now watching to see if Tuesday’s bounce can stick around amid ongoing market volatility, especially as they wait to see if other brokers join BofA with upgrades or new price targets.
Grab has scheduled its unaudited fourth-quarter and full-year 2025 earnings release for Feb. 11, immediately after the U.S. market closes. The company will host a conference call at 7:00 p.m. Eastern. 5
