Instacart's (CART) Price Target Lowered to $55 by BTIG

BTIG analyst Jake Fuller has lowered Instacart’s (CART) price target to $55 from $58. The new price target is based on the company’s current stock price of $45.6. This decision was made due to specific reasons outlined by the analyst. The new price target reflects a more conservative outlook for Instacart’s performance in the near future.