Instacart price target raised to $69 from $65 at Barclays

Barclays raised the firm’s price target on Instacart (CART) to $69 from $65 and keeps an Overweight rating on the shares. The firm says the company continues to execute well despite headlines around increased competition. Instacart’s accelerating ads growth is the “standout” in the Q1 report, the analyst tells investors in a research note. Barclays sees a compelling risk/reward at current share levels.