Citi lowered the firm’s price target on Instacart (CART) to $50 from $65 and keeps a Buy rating on the shares. The firm says the company reported a better than expected Q3 with momentum continuing in October.
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Read More on CART:
- BMO upgrades Instacart to Outperform citing attractive valuation
- Instacart upgraded to Outperform from Market Perform at BMO Capital
- Resilient Growth and Discounted Valuation: McTernan’s Buy Rating on Maplebear Amidst Competitive Pressures
- Instacart Reports Strong Q3 Growth and Strategic Advances
- Instacart price target lowered to $49 from $58 at BofA