BofA analyst Justin Post raised the firm’s price target on Instacart (CART) to $58 from $53 and keeps a Neutral rating on the shares. Q2 was strong for overall retail and delivery and the firm expects “more of the same from Instacart in Q3,” the analyst tells investors. Following “another solid quarter,” the firm is raising its 2026 GTV estimate by 1% and EBITDA by 4%, but sees an expanding volume growth gap to peers and prefers faster growers in the sector, the analyst added.
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