Benchmark lowered the firm’s price target on Instacart (CART) to $60 from $67 and keeps a Buy rating on the shares. Management delivered “relatively stable” Q3 results and in-line Q4 revenue and adjusted EBITDA guidance at the midpoint, notes the analyst, who is taking “a conservative view” on FY26 Average Order Value and modeling it down 2% year-over-year.
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Read More on CART:
- Instacart price target lowered to $40 from $56 at Deutsche Bank
- Instacart price target raised to $48 from $45 at Bernstein
- Instacart price target lowered to $50 from $65 at Citi
- BMO upgrades Instacart to Outperform citing attractive valuation
- Instacart upgraded to Outperform from Market Perform at BMO Capital