SINGAPORE, June 2, 2026, 03:04 (SGT)
- Grab added almost 3% in Nasdaq trading Monday afternoon as tech shares pushed higher.
- The stock remains far off its 52-week high, so traders are watching profit quality and guidance.
- Indonesia’s proposed limit on commissions and current fuel costs are still the key downside risks.
Grab Holdings shares ticked higher on Monday afternoon in the U.S. Investors went back into the Southeast Asian ride-hailing and delivery stock, with the Nasdaq up, after the company posted its most recent profit and revenue growth.
The stock was at $3.64, up 2.82%, at 2:51 p.m. in New York after trading between $3.50 and $3.66. Volume hit 34.29 million shares. Shares are still well off the 52-week high of $6.62, according to Google Finance data.
Grab is again trying to convince investors it can deliver growth without going back to big discounting. Sure, a higher share price helps. But the real issue is if the company can keep margins stable while rides and food orders stay affordable.
Tech stocks lifted the broader market Monday. Reuters said the Nasdaq Composite climbed 0.69% and the S&P 500 added 0.43%. Investors kept an eye on oil prices, the conflict with Iran, and U.S. economic data out later this week.
Grab posted a first-quarter revenue gain of 24% to $955 million, giving investors numbers to work with. On-demand GMV climbed 24% to $6.1 billion, while adjusted EBITDA jumped 46% to $154 million. Adjusted EBITDA takes out interest, tax, depreciation, amortization, and some other costs.
Grab CFO Peter Oey said in the company’s May results that Grab remains “firmly on track” to hit its 2026 revenue target of $4.04 billion to $4.10 billion, with adjusted EBITDA between $700 million and $720 million. CEO Anthony Tan said Grab is still focused on “durable, profitable growth.”
Grab came in ahead of Wall Street’s revenue estimates, Reuters said after the company reported results. Ride-hailing and food delivery demand held up. Deliveries brought in $510 million, up 23%, while mobility revenue increased 19% to $337 million. Oey told Reuters that about 35% of users were using Grab’s lower-cost “Saver” program. Reuters
Analyst calls on Grab skew positive but aren’t all in agreement. Markets Insider posted that China Renaissance lifted Grab to buy with a $5 price target on May 6, and both J.P. Morgan and Mizuho kept their buy ratings following earnings. The site showed 14 analysts with buys and just one with a sell, out of 15.
Grab is moving to buy Delivery Hero’s Foodpanda Taiwan unit for $600 million, a deal that would let Grab grow beyond Southeast Asia for the first time. The company expects to wrap up the deal in the back half of 2026, if it gets cleared. Grab CEO Tan said Taiwan is a “natural next step.” Reuters
Indonesia risk sits front and center. The country is moving to slash the maximum commission ride-hailing apps can take from drivers, going down to 8% from 20%. Reuters said the new rule would hit Grab and GoTo. Simply put, platforms stand to keep less on every ride. Fuel prices are also eating into margins. Tan told Reuters in April that “the fuel-cost situation was real for everyone.” Reuters Reuters
Grab’s headlines might take a back seat this week, with traders watching U.S. jobs data, oil swings and possible word out of Indonesia on regulation. Monday’s rebound is holding for now, after Grab’s first-quarter beat, but the market is keeping some distance. It’s not a full vote of confidence yet.
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