GRAB - 7.5 Reasons To Buy Grab
2024-06-04 05:04:44 ET
Summary
- Grab stock is still down 80% from its peak and has traded sideways for nearly two years.
- I understand why investors might be frustrated with the stock.
- However, I believe Grab stock is still a sleeping giant in hibernation.
- Here are 7.5 reasons why I think so.
Introduction
Grab ( GRAB ), the so-called Uber ( UBER ) of Southeast Asia, has been trading range-bound between $2 and $4 for nearly two years now. However, the stock is quietly up 11% YTD as it approaches a key resistance level.
Short-term bulls might consider taking profits while bears might argue that Grab stock is pretty much dead money at these levels. Meanwhile, I make the investment case that Grab stock is still a sleeping giant with so much more upside potential ahead....
7.5 Reasons To Buy Grab