13 Best Technology Penny Stocks to Buy Right Now

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1. Grab Holdings Ltd. (NASDAQ:GRAB)

Share Price as of March 28: $4.8

Number of Hedge Fund Holders: 57

Grab Holdings Ltd. (NASDAQ:GRAB) operates a superapp in Southeast Asia. It operates through four segments. These include Deliveries, Mobility, Financial Services, and Others. Its Grab ecosystem is a single platform with superapps for driver and merchant partners along with consumers, for mobility, delivery, and digital financial services.

The company focuses on using its ecosystem to drive cross-selling. For instance, customers who use both the Food and Mart services have a 4 times higher spending and 2.5 times higher frequency uplifts as compared to those only using the food delivery services. Retention rates are also twice as much for these customers. This drives high on-demand Gross Merchandise Value (GMV). The company reported a 20% year-over-year improvement in on-demand GMV in Q4 2024.

This is attributed to product and tech-led initiatives. Key examples of such initiatives include Saver Rides and Priority Deliveries. These features improve affordability and reliability and hence help attract and retain customers. Grab Holdings Ltd. (NASDAQ:GRAB) is also investing in the Southeast Asian market, which is potentially under-tapped.

As we acknowledge the growth potential of Grab Holdings Ltd. (NASDAQ:GRAB), our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GRAB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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