Why Grab Holdings (GRAB) Is Skyrocketing?

We recently published a list of 10 Stocks Jump on Impressive Earnings, Bullish Outlooks. In this article, we are going to take a look at where Grab Holdings Limited (NASDAQ:GRAB) stands against other stocks that have surged on impressive earnings and bullish outlooks.

The stock market ended firmer on Tuesday, with all of Wall Street’s main indices finishing in the green territory amid news that President Donald Trump temporarily delayed the imposition of tariffs against Canada and Mexico.

The Dow Jones inched up by 0.30 percent, while the S&P 500 and Nasdaq both jumped 0.72 percent and 1.35 percent, respectively.

On Tuesday, 10 companies under mixed sectors mirrored the broader market rally, fueled by impressive earnings results and optimistic business outlooks, among others. This article details the reasons behind the top gainers’ impressive performance.

To come up with Tuesday’s top gainers, we only considered those with $2 billion in market capitalization and $5 million in daily trading volume.

A customer enjoying the convenience of a mobile financial services transaction.

Grab Holdings Limited (NASDAQ:GRAB)

Transport network company Grab Holdings Limited (NASDAQ:GRAB) saw its share prices surge by 12.56 percent on Tuesday to end at $5.11 apiece following twin news that the company was taking over one of its competitors while also earning an upgraded outlook from an investment banking firm.

According to reports on Tuesday, Grab (NASDAQ:GRAB) is in negotiations with its rival GoTo for a potential takeover of the latter for $7 billion as the latter suffers from losses.

A new round of merger talks was said to have occurred in December 2024, with the two parties eager to officially strike a deal this year.

A report by Reuters citing sources privy to the matter said that an agreement could still be axed as previous negotiations all fell through.

On the same day, HSBC upgraded its rating on Grab (NASDAQ:GRAB) to “buy” from “hold” previously, in hopes that Grab’s on-demand gross merchandise value will grow at a compounded annual growth rate of 14 percent until 2026.

Overall, GRAB ranks 3rd on our list of stocks that have surged on impressive earnings and bullish outlooks. While we acknowledge the potential of GRAB as an investment, our conviction lies in the belief that 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 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 Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. This article is originally published at Insider Monkey.