BofA analyst Justin Post lowered the firm’s price target on Instacart to $30 from $31 and keeps a Neutral rating on the shares ahead of the company’s report on February 13. The firm expects GTV, revenue and EBITDA relatively in line with the Street view, says the analyst, who is rolling forward the firm’s price target basis to 2025 estimates. The firm also notes that the IPO-related lock-up of Instacart shares expires on February 15.
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