Grab shows growth rebound in Q2, stock down 25% YTD but rated Buy on upgraded guidance and valuation.

Grab's Q2 results revealed accelerating gross merchandise volume (GMV) and a rebound in stock price after earnings, despite the stock being down over 25% year-to-date. The company received an upgraded full-year 2026 guidance, supporting a Buy rating due to improving growth prospects and reasonable valuation. This makes Grab an attractive diversification option as an international mid-cap with valuation premiums compared to U.S. peers. The analyst expects continued market rally with increasing dispersion, favoring companies like Grab that have lagged behind the AI-driven rally this year.