Mizuho initiated coverage of Instacart (CART) with a Neutral rating and $45 price target. After a solid 2024 and first half of 2025 with strategic initiatives – including Uber (UBER) partnership and $10 free shipping – driving order acceleration, Mizuho sees tougher comps and increased competition ahead, the analyst tells investors in a research note. Given the magnitude of competition in the space and its increasing intensity, the firm prefers to look for better entry points, Mizuhuo added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CART:
- Wells sees no major share changes as Kroger expands 3P grocery to DoorDash
- Wedbush says DoorDash extended Kroger partnership challenges Instacart position
- DoorDash (DASH) and Kroger Expand Partnership to Give Full Access to Groceries
- Instacart, Advantage Solutions announce strategic partnership
- Instacart announces new savings features for AI-powered Caper Carts