Instacart price target raised to $41 from $40 at Barclays

Barclays raised the firm’s price target on Instacart to $41 from $40 and keeps an Overweight rating on the shares following the Q4 report. The analyst thinks the shares can catch up to the rest of the gig economy peers in 2024, “as many aspects of the story are underappreciated by the Street.” Easing compares and less-drag from the big pandemic cohorts should pave the way for possibly more volume acceleration to come, the analyst tells investors in a research note.