Instacart price target raised to $60 from $58 at BMO Capital

BMO Capital raised the firm’s price target on Instacart (CART) to $60 from $58 and keeps an Outperform rating on the shares. The company’s Gross Transaction Value in Q4 was the strongest in three years and the firm remains confident in its investment story, given multiple growth levers including agentic commerce, international expansion, in-store offerings, off-platform advertising, and enterprise solutions, the analyst tells investors in a research note.