Today: 16 June 2026
Grab shares jump as GRAB investors focus on Superbank move after Nasdaq climb
16 June 2026
2 mins read

Grab shares jump as GRAB investors focus on Superbank move after Nasdaq climb

Singapore, June 16, 2026, 16:27 (SGT).

  • Grab ended Monday at $3.46, gaining 4.85%. Nearly 81.96 million shares traded. Google Finance priced the stock at $3.50 in Tuesday premarket. Investing.com
  • The Nasdaq Composite rose 3.07% as U.S. growth stocks jumped in a broader relief rally. Reuters
  • Grab’s second-quarter results call in August is seen as the next big event for the company, with plans to update group guidance after bringing in Superbank. Grab Holdings Investor Relations

Grab Holdings Limited jumped 4.85% in U.S. trading Monday, ending the day at $3.46 after moving between $3.37 and $3.62. That beat the broader Nasdaq, but the stock is still trading near its 52-week low of $3.18 and well off the 52-week high of $6.62. Monday’s move looks more like a bounce rather than a shift in trend. Investing.com

The stock rose, but there was no new Grab earnings news out in the last 24 hours. Instead, shares followed a wider risk-on move after Wall Street gained on signs of a preliminary U.S.-Iran deal and falling crude oil prices. That lowered inflation worries and helped rate-sensitive tech stocks. “It’s a classic relief rally,” Gene Goldman, CIO at Cetera Investment Management, told Reuters. “It’s pushing investors back into risk assets like technology.” Reuters

GRAB still trades on the profitability angle. Grab posted $955 million in first-quarter revenue, up 24% from a year ago, $120 million in profit, and $154 million in adjusted EBITDA, up 46%. Adjusted EBITDA strips out interest, tax, depreciation and amortization and is tweaked for some items; investors use it to track operating profit, although it’s not net income. CFO Peter Oey said the latest quarter showed “consistent execution and the growing operating leverage across our platform.” Q4 Resources

Superbank is the next big stock driver. Grab said back in May it would lift its direct and indirect stake in Indonesia’s PT Super Bank Indonesia Tbk above 50%, turning the digital bank into a subsidiary. With that move, Superbank’s results get rolled into Grab’s Financial Services segment. Superbank now has over 6 million customers. It reported its first full-year profit for FY2025, and by April 2026 showed 72% year-over-year asset growth and 84% net interest income growth. Grab plans to update its group guidance on the second-quarter call in August. That will matter for investors looking for details on how banking will affect revenue, EBITDA and credit risk. Grab Holdings Investor Relations

Grab looks like a growth story—profitable and throwing off cash on an adjusted basis, with analysts behind it. Google Finance lists a Strong Buy call, 14 buy ratings, no holds, no sells, and an average 12-month target at $6.12. But the bear view is harder to shrug off. The stock isn’t low-risk. Back in February, Grab guided 2026 revenue to $4.04 billion to $4.10 billion, short of the LSEG number Reuters had. The company is still burning cash on incentives to keep riders and deliveries coming—$650 million in total incentives in Q1. Gross loan book up 130% from a year ago, juicing both growth and credit risk. Google

GRAB is trading near the low end of its 52-week range and below where analysts put their average price target, leaving shares looking potentially cheap but still carrying risk. The stock is at a price-to-earnings ratio of 39.13, so investors are paying $39 for each $1 of earnings. Whether the move sticks will likely come down to August guidance, where investors want proof that Superbank adds profitable growth without cutting into margins or pushing up credit losses. Google

Stock Market Today

  • US Stock Futures Rise as Lower Yields and Easing Geopolitical Tensions Boost Markets
    June 16, 2026, 4:46 AM EDT. US stock futures advanced with E-mini S&P 500 up 2.1% and Nasdaq-100 futures rising 3.2%, driven by lower 10-year Treasury yields near 4.43%-4.50% and hopeful signs of a US-Iran peace deal easing geopolitical risks. Lower yields reduce borrowing costs, benefiting rate-sensitive sectors like technology and real estate. Oil prices dipped, further aiding cost containment. Key upcoming events include Kroger and Accenture earnings and the Federal Reserve meeting Wednesday, with inflation and consumer sentiment closely watched. Market focus remains on whether growth stocks can maintain momentum amid lingering inflation concerns and shifting sector preferences.

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