Raymond James analyst Josh Beck upgraded Instacart (CART) to Outperform from Market Perform with a $50 price target The firm believes grocery represents one of the most under-penetrated e-commerce markets. It sees the market positively inflecting due to rising agentic shopping experiences. The formal launch of Cart Assistant is an “underappreciated tailwind” coming to Instacart web and enterprise partners like Kroger, the analyst tells investors in a research note. Raymond James expects the launch to improve the company’s conversion.
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