Wedbush raised the firm’s price target on Instacart to $28 from $26 and keeps a Neutral rating on the shares. The firm notes Instacart delivered healthy results with total GTV of $7.89B, slightly above the Street’s $7.80B estimate, while adjusted EBITDA of $199M exceeded consensus by $27M.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CART:
- Instacart (NASDAQ:CART) Misses Q4 Sales Estimate, Stock Declines
- Maplebear’s Restructuring, Executive Change, and Stock Buyback Boost
- Instacart price target lowered to $30 from $31 at BofA
- CART Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Hy-Vee, Instacart announce expanded partnership agreement
