10 Best Performing Large Cap Stocks to Buy According to Analysts

5. Grab Holdings Limited (NASDAQ:GRAB)

1-Year Performance: 57.98%

Number of Hedge Fund Holders: 57

Analyst Upside Potential: 18.56%

Grab Holdings Limited (NASDAQ:GRAB) is like the Uber of Southeast Asia. The company operates a super app that provides a wide range of services including ride hailing and mobility, food and grocery delivery, package deliveries, digital financial services, and other services including hotel bookings and more.

On February 21, JPMorgan upgraded the stock from Neutral to Overweight with a price target of $5.60. The firm believes that the earnings delivery over the next 12 months is expected to bring positive revisions in earnings expectations for the company. Grab Holdings Limited (NASDAQ:GRAB) recently released its fiscal fourth quarter results for 2024. The results highlight significant milestones that the company achieved during the year, driven by strategic initiatives to improve its services and financial performance. The company grew its Q4 revenue by 17% year-over-year, driven by On-Demand GMV growth. Management noted that its On-Demand GMV growth grew by 20% during the same time reflecting increased usage of services like ride-hailing, food delivery, and package delivery.

Moreover, the company has not only set a new record for the number of transacting users on its platform, indicating strong product-market fit and growing customer demand, but also outperformed its revenue guidance for the year. Looking ahead, Grab Holdings Limited (NASDAQ:GRAB) aims to continue its GMV growth while maintaining profitability.