American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

Grab Holdings stock price forecast amid GoTo merger talks

by admin February 4, 2025
February 4, 2025
Grab Holdings stock price forecast amid GoTo merger talks

The Grab Holdings stock price has pulled back in the past few weeks as its growth momentum faded and competition rose. GRAB was trading at $4.55 on Monday, down by over 20% from its highest level in 2024. So, is Grab a good investment ahead of the potential merger with GoTo?

Grab and GoTo merger talks

The main catalyst for the Grab stock price is the ongoing merger talks with GoTo, another popular internet company in the Southeast Asia region. According to Bloomberg, talks between the two companies have intensified this year, and a deal may be announced later this year. 

The merger would bring together two companies with a combined market cap of over $25 billion. It will help the two companies solidify their market share in the highly competitive ride hailing industry, where firms like Bolt and In-Drive have joined. Also, the merger would help them to save substantial sums of money over time. 

The challenge, however, is that regulators may not approve the deal. Some of these regulators wil be concerned about the scale of the new company and job losses in Singapore and Indonesia. 

Growth has slowed recently

Grab Holdings was used to triple-digit revenue growth a few years ago. The most recent results revealed that its third-quarter revenue rose by 17% YoY, with the on-demand Gross Merchandise Value (GMV) rising by 15% 

Its business has done well because of the super-app business model. While Grab Holdings started its business as a ride-hailing firm, it has evolved into a super-app with more solutions like food delivery, grocery shopping, and fintech solutions. 

For example, the fintech business disbursed loans worth about $576 million in the last quarter, with its bank deposits rising to over $1 billion. 

Diversifying its business has helped it to attract more customers and grow its business at a time when the ride-hailing business has become highly competitive.

Grab has also focused on becoming a more profitable company in the past few years. Its operating loss moved from $93 million in Q3’23 to $38 million, a trend that the management hopes will continue. 

Analysts anticipate that the Grab Holdings business will continue doing well in the next few quarters. The average revenue estimate for the fourth quarter is $760 million, up by about 16.5% from the previous quarter. This growth will lead to an annual revenue of $2.8 billion, up by about 18.8% from the same period a year earlier. Grab Holdings’s revenue will then jump to $3.4 billion in 2025, up by 21% from last year. 

Grab Holdings stock price analysis

GRAB stock chart by TradingView

The daily chart shows that the Grab share price peaked at $5.7 in 2024 and has now dropped to $4.55. It has formed a descending channel, made up by connecting a series of lower lows and lower highs. 

The stock has moved below the 50-period and 25-period moving averages, which have made a bullish crossover. It has also moved between 50% and 38.2% Fibonacci Retracement levels.

Grab Holdings stock price action will depend on how the company completes its merger with GoTo. A rebound could see it rise to the key resistance point at $5, up by about 12% above the current level. On the flip side, a drop below the key support level at $4.35 will point to more downside, potentially to $4.

The post Grab Holdings stock price forecast amid GoTo merger talks appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Tempus AI stock price is not cheap: is it a good buy?
next post
Crypto Price Predictions: Raydium, XRP, Cardano, Ondo

Related Posts

New High-Grade 35% Copper and 10g/t Gold Rock...

July 12, 2024

PROPOSED NOMINATIONS TO STRENGTHEN WESTERN COPPER AND GOLD’s...

May 16, 2024

Lucid Group stock price could be on the...

May 21, 2025

Silver price analysis: rare bearish pattern points to...

January 29, 2025

Here’s why the Hang Seng Index comeback could...

April 2, 2025

Nasdaq Composite index forms a risky pattern, pointing...

November 2, 2024

Changes to the Board & Company Update

February 18, 2024

Here’s why the Hermes share price is soaring...

December 18, 2024

Bitcoin price prediction: 4+ reasons BTC could go...

October 28, 2024

Carbonxt Group (ASX:CG1)

February 23, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Why Thailand’s economic recovery may not be straightforward

      July 6, 2025
    • Why the US job market may actually crumble soon

      July 6, 2025
    • China spares major French cognac makers from tariffs in brandy dispute

      July 6, 2025
    • Berlin seeks Patriot Missiles for Ukraine amid US supply strain: report

      July 6, 2025
    • Donald Trump to send warning letters as 70% tariff threat looms

      July 6, 2025

    Categories

    • Business (3,314)
    • Investing (2,587)
    • Latest News (2,011)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved