Grab stock in focus: HSBC flips to Buy as GRAB heads into a long U.S. market pause
HSBC upgraded Grab to Buy from Hold and raised its price target to $6.20, citing attractive valuation after a recent selloff. Grab closed Friday at $4.38, down 1 cent, with volume at 65.6 million shares. U.S. markets reopen Tuesday after the holiday. Investors await Grab’s earnings release on Feb. 11 for signs of margin stability and demand.