Bernstein raised the firm’s price target on Instacart (CART) to $55 from $52 and keeps an Outperform rating on the shares. The firm notes Instacart is its “value pick” with room to beat on Gross Transaction Value and EBITDA at an undemanding multiple.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CART:
- Needham upgrades Instacart to Buy, adds to Conviction List
- Instacart upgraded to Buy from Hold at Needham
- Instacart (CART) Enters the S&P MidCap 400 after Stock Doubles in the Past Year
- AMD downgraded, Nike upgraded: Wall Street’s top analyst calls
- Instacart initiated with an Equal Weight at Wells Fargo