Grab Holdings (GRAB) Drops 3.5% on Rating Downgrade, Stretched Valuation

Core Viewpoint - Grab Holdings Ltd. experienced a decline of 3.48% in stock price due to a rating downgrade by HSBC, ending a nine-day winning streak [1][3]. Group 1: Stock Performance - Grab Holdings closed at $6.10, just 29 cents below its 52-week high of $6.42 [3]. - The stock has surged over 70% in the past 12 months, outperforming the Nasdaq's 26% gain during the same period [3]. Group 2: Rating Downgrade - HSBC downgraded Grab Holdings from "buy" to "hold" but raised the price target from $6 to $6.20 [2]. - The downgrade was attributed to concerns over the company's stretched valuation, with the stock trading at 80x PE for 2026 estimates [4]. Group 3: Strategic Developments - Last month, Grab Holdings announced a strategic investment in WeRide to accelerate the deployment of Level 4 Robotaxis and shuttles in Southeast Asia [5].