HSBC Upgrades Rating on Grab Holdings (GRAB) to Buy

Grab Holdings Ltd (NASDAQ:GRAB), one of the Best Tech Stocks Under $10 to Buy, received a ratings upgrade to “Buy” from “Hold” from HSBC on January 16. The analyst, who set a $6.20 price target for the stock, noted that the company’s valuation became more attractive as a result of lowered expectations and a stock selloff. Nonetheless, HSBC expects Grab to retain its growth drivers, particularly its ability to launch affordable services.

Meanwhile, CGS-CIMB also assigned a “Buy” rating on Grab Holdings Ltd (NASDAQ:GRAB) stock, with a $7.20 target price, expecting the company to see positive adjusted EBITDA across all business segments in fiscal year 2027, aided by increased earnings from its advertising business and a break-even trajectory for its financial services segment. However, CGS-CIMB cautioned about key risks for Grab, including credit losses and regional corporate costs. Grab also received two other “Buy” ratings this month: from Barclays on January 15, with a $7 price target, and from UBS on January 7.

Grab Holdings Ltd (NASDAQ:GRAB), Southeast Asia’s answer to Uber, is one of the best tech stocks under $10 to buy. The company operates deliveries, mobility, and digital financial services in eight countries in Southeast Asia: Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

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Disclosure: None. This article is originally published at Insider Monkey.