From Financial Modeling Prep: 2025-01-13 12:15:00

Needham analysts upgraded Instacart (NASDAQ:CART) to Buy with a $56.00 price target, citing confidence in its market leadership and growth potential. Instacart’s strong 2024 performance indicates resilience against competition and market saturation fears, with stable customer cohorts and new user growth driving gross transaction value (GTV) growth. Analysts foresee low-teens GTV growth and a 30% compound annual growth rate (CAGR) in adjusted EBITDA over the next two years, making Instacart a compelling investment option.



Read more at Financial Modeling Prep:: Instacart Upgraded to Buy Amid Promising Growth Ou…