Jefferies on Grab Holdings Inc. (GRAB): foodpanda deal will enable replication of success in Taiwan

Jefferies analyst Thomas Chong reiterated a Buy rating and $6.70 price target on Grab Holdings Inc. (NASDAQ: GRAB)

The analyst commented, "Acquisition of Taiwan's foodpanda Should Be Accretive to Adj EBITDA in 2028 We believe the announcement was unexpected by the market. We think the deal will enable Grab to replicate its Southeast Asian delivery success – based on affordability, reliability, and technology – in Taiwan. The cash consideration of USD600m reflects a 30% discount to the price proposed by Uber in '24. Grab expects the deal to be accretive to rev in '26 and to adj EBITDA in '28, given integration costs. Completion is subject to regulatory approval in 2H26."

For an analyst ratings summary and ratings history on Grab Holdings Inc. click here. For more ratings news on Grab Holdings Inc. click here.

Shares of Grab Holdings Inc. closed at $3.56 yesterday.

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