Stifel analyst Mark Kelley lowered the firm’s price target on Instacart (CART) to $46 from $49 and keeps a Buy rating on the shares. Third-party data suggests the e-commerce group had a “healthy” Q4 overall, though recent commentary from Amazon suggests there may be incremental pricing pressure on the consumer in 2026, the analyst tells investors in a preview for the e-commerce and consumer app group.
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