RAVI GUPTA, PARTNER AT SEQUOIA CAPITAL, JOINS INSTACART'S BOARD OF DIRECTORS
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2 reasons Wolfe Research is cautious on this delivery stock
September 25, 2023 2:09 PM EDTWolfe Research analyst Deepak Mathivanan initiated coverage of a food delivery giant Monday, although he noted that the firm is cautious on the stock.
Recently listed grocery delivery firm Instacart (NASDAQ: CART) was started with a Peer Perform rating in a note Monday, with Mathivanan stating the company's "squeaky growth wheel [is] in need of some grease."
"While we like... More
