Instacart price target raised to $58 from $56 at Barclays

Barclays analyst Ross Sandler raised the firm’s price target on Instacart (CART) to $58 from $56 and keeps an Overweight rating on the shares post the Q4 report. The firm says “everything seems on track” for Instacart moving through 2025. The company is maintaining a steady 10% volume clip, bucking some weak macro trends in advertising, and expanding overall margins, the analyst tells investors in a research note. Barclays thinks the shares “can continue to ratchet higher.”