Instacart to cut 250 jobs as slowing ad business counters upbeat Q1 forecast
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Instacart (CART) PT Raised to $36 at MoffettNathanson, 'We find ourselves sitting somewhere in between the skeptic and the optimist'
February 14, 2024 6:04 AM ESTMoffettNathanson analyst Michael Morton raised the price target on Instacart (NASDAQ: CART) to $36.00 (from $34.00) while maintaining a Neutral rating.
The analyst comments "We continue to rate CART Neutral and increase our price target from $34 to $36. We continue to value Instacart at 12x FY24 Adj. EBITDA,... More
