Guggenheim initiated coverage of Instacart (CART) with a Neutral rating and $40 price target The firm questions whether Instacart’s “best days are behind or ahead” of it. The company’s slower growth relative to peers and competitive pressures make Instacart a “show me” story, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CART:
- Instacart initiated with a Neutral at Guggenheim
- Instacart announces retail media solution on TikTok
- United Airlines, Instacart launch new collaboration
- No jobs report amid shutdown, Apple pulls ICEBlock from App Store: Morning Buzz
- Street Fight: Analysts split on Instacart amid rising competitive pressures