Benchmark analyst Mark Zgutowicz lowered the firm’s price target on Instacart (CART) to $53 from $60 and keeps a Buy rating on the shares. While trimming its price target the firm says it likes the setup into the Q4 report due on Thursday, February 12. At present multiples and with secular tailwinds intact, the firm believes GTV and revenue deceleration is priced into the shares, the analyst tells investors in a preview.
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