Wolfe Research analyst Deepak Mathivanan raised the firm’s price target on Instacart to $39 from $35 and keeps an Outperform rating on the shares. The firm’s cohort analysis of Instacart gives it incremental confidence on the paths for transaction volume acceleration in fiscal 2024. The firm thinks transaction volume acceleration could help shares outperform in the medium term.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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:
- Maplebear Inc call volume above normal and directionally bullish
- SHAREHOLDER ALERT: Potential Recovery for Maplebear Inc. d/b/a Instacart (CART) Investors
- Unusually active option classes on open February 23rd
- Quest Diagnostics and Instacart announce collaboration
- Largest borrow rate increases among liquid names