Seaport Research lowered the firm’s price target on Instacart (CART) to $58 from $59 and keeps a Buy rating on the shares. While the company experienced ad softness in Q4, the firm believes Instacart is the clear 3P leader in online groceries in the U.S., the analyst tells investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CART: