We recently published a list of Top 10 Beaten Down Large Cap Stocks That Can Double According To Wall Street. In this article, we are going to take a look at where Grab Holdings Limited (NASDAQ:GRAB) stands against other top beaten down large cap stocks that can double according to Wall Street.
There was a point in the early days of Donald Trump’s presidency when the stock market looked set for a bull run. Bit by bit, the market digested geopolitical issues, trade wars, and recession fears. It looked like these were temporary concerns only.
We’re now less than two months into the presidential term and every consensus trade seems to be unravelling in front of our eyes. Investors are panicking and the state of the US economy looks fragile, with recession knocking on the door.
Investors operating in capital markets do not have the luxury of getting out of the market. No matter how the market behaves, they will still be here hunting for opportunities. That’s exactly what we do as well. As the market tanks, we decided to look at beaten down stocks that could comfortably outpace the market if bought after the current sell off.
To come up with our list of 10 beaten down large cap stocks that can double according to Wall Street, we considered stocks that have a market cap of at least $10 billion, have been hammered in the past week, and have a Wall Street price target that could see the stock double from current levels.
A customer enjoying the convenience of a mobile financial services transaction.
Grab Holdings Limited (NASDAQ:GRAB)
Grab Holdings Limited (NASDAQ:GRAB) is a superapps provider company that operates in Singapore, Malaysia, Cambodia, Thailand, the Philippines, Vietnam, Myanmar, and Indonesia. The company’s stock is down 13% in a week, which provides an ideal opportunity to invest.
According to 26 different analyst ratings, Grab Holdings Limited (NASDAQ:GRAB) has a highest target price of $8 which means it could double from the current levels if the bull thesis plays out. The median price target of $5.75 is still a 39% upside from current levels. The stock is currently trading 11% below the lowest Wall Street price target of $4.65!
Just a few weeks ago JP Morgan upgraded its stance on the stock from Neutral to Overweight. The investment bank believes the company’s 2025 guidance is conservative and going by the company’s track record of beating its own guidance, there is little downside at current depressed levels.
The bank’s analyst Ranjan Sharma believes the firm’s efforts to manage its costs will eventually result in cheaper services, which should propel its topline growth considering it operates in developing countries. The advertising segment is also anticipated to drive future growth, with customers already willing to spend more on the platform than in the same period last year.
Overall, GRAB ranks 10th on our list of top beaten down large cap stocks that can double according to Wall Street. While we acknowledge the potential of GRAB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as GRAB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
