Grab Likely to Report 3Q Earnings Growth -- Market Talk

0824 GMT - Grab is likely to report 3Q earnings growth, supported by strong broad-based revenue performance from its deliveries, mobility and financial services segments, Citi Research analysts write in a note. There is a potential upside to consensus estimates for financial services given continued strength of loan book and small contribution from Stash, they say. Looking ahead to 4Q, Citi expects resilient on-demand and tourism activity driven by continuing cross-promotions, although foreign exchange headwinds are likely to persist. Citi retains its buy rating on the stock but trims its target price to $5.50 from $6.50 based on a lower target multiple reflecting the broader sector de-rating. Shares last closed at $2.98. (kimberley.kao@wsj.com)

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October 14, 2026 04:24 ET (08:24 GMT)