Instacart price target raised to $55 from $48 at Oppenheimer
The Fly

Instacart price target raised to $55 from $48 at Oppenheimer

Oppenheimer raised the firm’s price target on Instacart (CART) to $55 from $48 and keeps an Outperform rating on the shares ahead of Q3 earnings, despite stock near all-time highs. Investors see attractive valuation on conservative 2025 growth, given stable consumer spending and UBER (UBER) partnership, the firm notes.

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