15 Best Penny Stocks to Buy According to Billionaires

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3. Grab Holdings Limited (NASDAQ:GRAB)

Price: $4.40

Number of Hedge Fund Holders: 57 

Number of Billionaire Investors: 9

Total Value of Billionaire Holdings: $743,797,721

Grab Holdings Limited (NASDAQ:GRAB) operates as a super-app that provides three main services including mobility, deliveries, and digital financial services. It serves over 700 cities in eight Southeast Asian countries.

On March 10, Analyst Alicia Yap of Citi maintained a Buy rating on the stock with a price target of $6.25. The analyst noted that although Indonesia has proposed a holiday bonus rule for ride-hailing drivers that has caused recent stock volatility, however, this cost is already reflected in the company’s 2025 EBITDA guidance of $440 million to $470 million. Yap further highlighted that Grab Holdings Limited (NASDAQ:GRAB) can adapt to regulatory changes, this reinforces its long-term growth trajectory in Southeast Asia’s super app market.

In the fiscal fourth quarter of 2024, the company grew its revenue by 17% year-over-year. The growth was driven by On-Demand GMV growth. The On-Demand GMV growth increased by 20%, indicating more users across all its services. It is one of the best penny stocks to buy according to billionaires.

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