0323 GMT - Grab's transaction volumes for mobility may retain solid momentum, driven by growing demand of two-wheels rides and an increased supply of GrabTaxi in Singapore, Citi analysts write in a note. The company's revenue is likely to continue an accelerated trend from 2Q, led by effective adoption of new products including GrabFood for One, Grab for Family, Citi says. Citi remains constructive on Grab, citing its solid execution track record, continued product innovation, relatively low user penetration ratio and a stable competitive landscape. The brokerage maintains a buy rating on the stock with a target price of US$6.20. Shares last traded at US$4.87. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
July 06, 2025 23:23 ET (03:23 GMT)
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