New York, June 18, 2026, 14:01 (EDT)
- Grab was last at $3.54, up 9 cents, a gain of roughly 2.6%. Volume on the session was 35.6 million shares.
- Nasdaq will close its U.S. equities and options markets on Friday for Juneteenth.
- Q1 profit is up and there’s a $500 million buyback, but investors are focused on the 2026 revenue forecast, which was set below what Wall Street wanted.
Grab Holdings shares were up roughly 2.6% in Nasdaq trade Thursday afternoon, with the stock seeing a slight lift as U.S. markets prepared to close for Juneteenth. The Singapore-based ride-hailing and delivery company got a bit of a bounce.
Grab traded at $3.54 late in the session, just a cent below its intraday peak at $3.55. That price values the company at roughly $14.0 billion. More than 35 million shares had changed hands, according to market data.
Nasdaq said U.S. stock and options trading will shut down Friday, June 19 for Juneteenth. That makes Thursday the only normal trading day left this week.
Grab didn’t issue a new quarterly report. Its investor site still shows Q1 2026 as the latest, so the discussion stays on growth, margins, and the buyback, which have been the main focus since May. The buyback refers to Grab using cash to repurchase its own shares.
Grab’s first quarter showed a solid gain, with revenue up 24% from the same time last year at $955 million. The company’s on-demand gross merchandise value hit $6.1 billion, also up 24%. Profit for the quarter came in at $120 million. Adjusted EBITDA climbed 46% to $154 million. CEO Anthony Tan called it a “strong start to 2026.” CFO Peter Oey mentioned “disciplined capital allocation.” Grab
Valuation is the big question, more than growth. Grab says it can make ride-hailing, food delivery, ads and lending work together in one profitable platform. The market wants to know how much it costs to keep people coming back in Southeast Asia, where price still matters to customers.
The stock is still feeling pressure from the February outlook. Back then, Reuters said Grab’s 2026 revenue forecast of $4.04 billion to $4.10 billion missed what analysts wanted. Oey said rides will stay cheap and the company will lean into grocery, calling that business faster-growing than food delivery.
The read-through ran both ways. DoorDash, a U.S. delivery peer, added about 4.3% in Thursday’s session, while Sea—the Singaporean group behind Shopee and digital finance—ticked up about 0.2%. Grab landed in the middle, with its move splitting the difference and pointing to a mix of company-driven bounce and wider action in platform names.
Analysts are still backing the stock, but there’s nothing new that looks like a main driver today. A table from StockAnalysis.com lists DBS’s Sachin Mittal keeping a Buy with a $5.93 target as of May 21, Phillip Securities’ Helena Wang holding Buy and a $7 target from May 11, and China Renaissance’s Yiwen Zhang upgrading to Buy and $5 on May 7.
The risk is clear enough. If fuel prices climb, or if Grab faces bigger discounts or softer discretionary spending, it could have to spend more to hold on to demand. That could hit margin progress. The stock is still at the mercy of regulators too. Grab plans to buy Delivery Hero’s Foodpanda Taiwan business for $600 million, its first move outside Southeast Asia. That deal is expected to close in the second half of 2026, assuming it gets the green light.
Thursday’s gain still seems like a tactical rebound rather than a clear rerating. The focus now is on whether Grab can keep turning transaction growth into cash flow past the holiday-shortened week, and do it without relying too much on discounts.
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