Instacart price target lowered to $47 from $54 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Instacart (CART) to $47 from $54 and keeps an Overweight rating on the shares. Instacart reported a record 14% GTV growth in Q4, beating street EBITDA forecasts by 4%, with Q1 guidance pointing to continued healthy growth and modest margin expansion, the analyst tells investors in a research note. Key initiatives, including marketplace expansion, enterprise, advertising, and AI integration, remain on track, supporting confidence in Instacart’s grocery business fundamentals, Cantor says.