SINGAPORE, June 8, 2026, 03:02 (SGT)
Grab Holdings starts the week lower after a rough stretch, with its Nasdaq shares finishing Friday at $3.34, off 3.47% on the day and down 5.6% from a week earlier. The stock won’t trade again until New York opens Monday; the Nasdaq is still closed for the weekend.
Why it matters now: the wave of selling didn’t just hit Grab. On Friday, the Nasdaq Composite sank 4.18% and the S&P 500 fell 2.64%. That snapped a nine-week winning streak. A strong U.S. jobs report stoked new worries that the Federal Reserve may hold rates higher for longer.
That pressure hits growth stocks—firms valued mostly on future earnings—since rising rates make those profits less valuable now. Grab fits that mold, still trading on hopes for bigger business in rides, food and payments in Southeast Asia.
The stock bounced around this week. Monday’s close was $3.61. Shares tumbled Wednesday, clawed back some ground Thursday, and ended at $3.34 Friday with volume near 48.8 million.
Not much help from peers for investors. Sea Ltd dropped 6.0% on Friday. Uber shed 2.1%. Last month, Indonesia’s GoTo—the main regional rival to Grab in ride-hailing, food delivery, and fintech—posted its first quarterly net profit since the Gojek-Tokopedia merger, pointing to a tougher profit focus across the sector.
Grab’s Q1 numbers are still the main story. Revenue was up 24% at $955 million. Profit reached $120 million. On-demand GMV, the total value before certain deductions, jumped 24% to $6.1 billion. Adjusted EBITDA, which leaves out interest, tax, depreciation, amortization and other items, increased 46% to $154 million.
Grab CEO Anthony Tan said it was a “strong start to 2026.” CFO Peter Oey said the company is “on track to deliver” its full-year revenue target of $4.04 billion to $4.10 billion, and adjusted EBITDA forecast of $700 million to $720 million. Q4cdn
Buybacks are giving some support, but they’re no guarantee. Grab said in March it agreed to buy back $250 million of Class A shares and could do up to $150 million more, under a $500 million buyback plan cleared in February.
Grab is still focused on affordability. Oey told Reuters in February the company would “continue to make our rides affordable” while cost-conscious riders searched for lower prices. He also said Grab was putting more effort into grocery, which he said was outpacing food delivery. Reuters
Broker calls are mostly positive, but there’s less slack for bad news now. Investing.com logged a Buy recommendation from China Merchants Securities on June 5, target at $5. StockAnalysis reported Mizuho’s Wei Fang lowered his target on the stock to $6 from $7, but kept an Outperform, so he’s still looking for shares to beat the benchmark.
Macro events are in focus with U.S. consumer inflation numbers set for Wednesday, producer prices on Thursday, and the University of Michigan sentiment data on Friday, Schwab’s calendar shows. Persistent inflation would keep rate-sensitive tech and platform stocks under pressure.
The bullish story has its risks. Grab faced higher fuel costs and lifted partner incentives in the first quarter. Its loan book is rising fast. The $600 million buyout of Delivery Hero’s Foodpanda Taiwan arm still hangs on regulatory approval. Softer consumer demand, pricier driver support or a hold-up on the deal would all hit Grab’s margin goals.
Monday’s open focuses on whether Grab’s earnings and planned buyback are enough to counter a weak Nasdaq. The $3.34 price doesn’t suggest traders expect a flawless story. It’s a bet on whether the Southeast Asia growth story holds up for a bit longer.
