Earnings Report /
United States of America

Altimeter: Grab it before the great meme-driven short squeeze

  • Grab, with which Altimeter is planning to merge this year, has announced its Q3 results, reporting a loss of US$988mn

  • GMV grew 32% yoy to US$4,038mn, led by a 63% yoy increase in the deliveries segment

  • We have raised our target price for Altimeter to US$20, implying an upside of 22% – reiterate Buy

Altimeter: Grab it before the great meme-driven short squeeze
Nirgunan Tiruchelvam
Nirgunan Tiruchelvam

Head of Consumers Equity Research

Tellimer Research
15 November 2021
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