Instacart price target raised to $51 from $44 at Baird

Baird raised the firm’s price target on Instacart (CART) to $51 from $44 and keeps an Outperform rating on the shares. The firm said Instacart reported solid Q3 results, above consensus, reflecting healthy growth in online grocery, stable market share, accelerating order growth, and incremental contributions from Uber Eats.