SINGAPORE, June 12, 2026, 19:05 (SGT)
- Grab shares last traded at about $3.35 after finishing at $3.35 on Thursday, up 2.45%. The stock is still near its 52-week low of $3.18.
- Grab’s next big event for the stock is the second-quarter 2026 earnings call in August, where the company plans to update its group financial guidance after bringing Indonesia’s Superbank onto its balance sheet.
- Bulls are betting on quicker revenue growth, better adjusted EBITDA and more buybacks. Bears focus on incentives, fuel costs, rivals, regulation, and execution risk in financial services.
Grab Holdings Limited’s US shares are holding near a one-year low after a slide in 2026. The stock finished Thursday at $3.35, up 2.45%, and edged higher in premarket trade Friday. StockAnalysis showed Grab’s market cap around $13.7 billion as of June 12.
Investors are trying to figure out if the selloff in Grab has overshot or if the drop is pointing to weaker growth ahead. MarketBeat puts the 52-week range at $3.18 to $6.62, with shares now much nearer the low end. MarketBeat said Friday that Dalton Investments increased its stake in Grab last quarter, but insiders sold 1.16 million shares in the last 90 days. That’s a mixed read on sentiment, not a clear company catalyst.
Grab’s fundamentals looked better than its chart in the first quarter. The company reported revenue up 24% year over year to $955 million. On-Demand GMV also rose 24% to $6.1 billion. Adjusted EBITDA jumped 46% to $154 million. GMV is the gross merchandise value, or the total transactions on the platform before deductions. Adjusted EBITDA strips out things like interest, taxes, depreciation, amortization and some other expenses.
Grab is still growing in mobility, deliveries and financial services while getting more profitable, say bulls. The company stuck with its 2026 revenue forecast of $4.04 billion to $4.10 billion and held adjusted EBITDA guidance at $700 million to $720 million. Grab has also signed deals to buy back up to $400 million of stock, part of a $500 million repurchase plan. Buybacks lower share count, but business risk stays.
Investors worry that Grab’s growth is costly. Total incentives hit $650 million in the first quarter, as the company boosted partner payouts, with some linked to higher fuel prices. Grab’s push into financial services means more lending and integration risk. The Superbank deal could give Grab a bigger footprint in Indonesia’s digital banking, but it’s a tightly regulated sector. Credit quality, capital, and compliance could all weigh on investor sentiment.
Analysts still lean positive, though they flag risks. MarketBeat lists a Moderate Buy and an average target of $6.19, but points to target cuts from Mizuho and JPMorgan. China Renaissance just upgraded to Buy. These calls back the rebound argument, but targets move fast and hinge on Grab hitting numbers and steady Southeast Asia consumer demand.
The key event to watch is the second-quarter 2026 earnings call in August. According to Grab, Superbank numbers get fully consolidated into its Financial Services unit from May 2026. Grab also plans to give fresh group guidance with the Q2 results. That new guidance will likely shape whether investors keep seeing GRAB as a bargain growth play or put it in the riskier fintech and mobility bucket.
Grab shares trade at about 13 times the company’s 2026 adjusted EBITDA target, based on StockAnalysis’ $9.17 billion enterprise value and guidance for $700 million to $720 million of adjusted EBITDA. That valuation may work if growth and margins improve, but leaves the stock exposed if incentives, regulation, or credit costs go up. At today’s price, Grab could appeal to investors willing to stomach execution risk—not those looking for something low-risk or clearly cheap.
