Instacart price target raised to $61 from $58 at Barclays

Barclays raised the firm’s price target on Instacart (CART) to $61 from $58 and keeps an Overweight rating on the shares. The stock is likely outperform the group again in 2025 owing to improving execution, its low valuation, and the lower than average recession risk and tariff risk profile, the analyst tells investors in a research note.