After Amazon (AMZN) announced a few notable updates to its grocery strategy, including new grocery investments and its disclosure that it is now a top-three U.S. grocer, Morgan Stanley remains “bullish” Amazon, but adds that this news has also created a “tactical buying opportunity” in Instacart (CART). The latter is at a trough multiple, revisions are ahead and the firm sees reasons to believe 2026 numbers “seem fine,” says the analyst, who has an Equal Weight rating on Instacart shares.
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