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Grab advances after raising annual revenue forecast

By Reuters News

** Shares of Singapore's Grab Holdings GRAB.O gain 10.1% to $3.15 premarket

** Co expects 2026 revenue between $4.15 bln and $4.20 bln, up from the previous range of $4.10 bln to $4.15 bln

** Sees annual EBITDA between $790 mln to $800 mln, versus $720 mln to $740 mln earlier

** Southeast Asia's largest ride-hailing and delivery firm also posts first-ever core profit in financial services unit in Q3

** Q3 revenue of $1.11 bln beats analysts' estimates of $1.07 bln - data compiled by LSEG

** JP Morgan raises PT on stock to $5.10 from $4.80 following results

** All 19 analysts covering stock rate it "buy" or higher, median PT at $5.50 - LSEG

** As of last close, GRAB stock down over 42% YTD

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