Bernstein Remains a Buy on Grab Holdings (GRAB) Despite Mixed FQ4 2025 Results

Core Viewpoint - Grab Holdings Limited (NASDAQ:GRAB) is viewed positively by Wall Street despite mixed fiscal Q4 2025 earnings, with a Buy rating and a price target of $5.8 from Bernstein [1][2]. Financial Performance - In fiscal Q4 2025, Grab reported revenue of $906 million, marking an 18.59% year-over-year growth, although it fell short of estimates by $34.6 million. The earnings per share (EPS) was $0.04, exceeding estimates by $0.03 [2][4]. - The company's guidance for fiscal 2026 was slightly better than expected, and it outlined a three-year plan targeting $1.5 billion in adjusted EBITDA by FY28, which is considered realistic given its market penetration and ecosystem advantages [5][4]. Market Position - Grab is recognized as a leading "superapp" in Southeast Asia, offering mobility, delivery, and digital financial services across eight countries, connecting consumers with driver and merchant partners for various services [6]. Analyst Sentiment - Bernstein characterized the earnings results as an "overhang-clearing event," alleviating previous stock pressures, and noted that the market was anticipating conservative guidance and potential cuts to Indonesia's ride-hailing commission caps [4][5].