Jim Cramer Dismisses Grab Holdings (GRAB) as a $3 Spec

In the September 8 episode of Mad Money, host Jim Cramer dismissed Grab Holdings (GRAB) as a $3 speculative stock, citing his long-held belief that the Southeast Asian superapp, ride-hailing, and food delivery platform is not worth investing in. Despite highlighting the company's strong market position, record revenue growth, and expanding fintech segment, Cramer maintained that Grab remains a "3 spec."

He reminded viewers that stocks cannot go below zero. Cramer's remarks come as Grab continues to expand its digital financial services and loan portfolio, backed by strong liquidity and a share repurchase program. However, the company still faces intense competition from rivals like Sea Limited and GoTo, and potential risks associated with its scaling digital banking and lending segments.

Institutional investors hold mixed views on Grab, with 48 hedge funds reducing their holdings in the second quarter, while some major players, such as Point State Capital and Citadel Investment Group, significantly increased their stakes.