BofA raised the firm’s price target on Instacart to $32 from $30 and keeps a Neutral rating on the shares following a “mixed” Q4 report. The outlook for gross transaction volume, or GTV, acceleration and EBITDA upside were “a positive,” adds the analyst, who is raising estimates and expects 8.4% GTV growth in Q1.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot 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
