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.

Don't Miss out on Research Tools:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App