Instacart Announces Third Quarter 2024 Financial Results
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November 13, 2024 8:51 AM EST
Stifel analyst Mark Kelley raised the price target on Instacart (NASDAQ: CART) to $56.00 (from $55.00) while maintaining a Buy rating.
The analyst comments "Instacart reported 3Q results that were ahead of expectations (GTV, revenue, EBITDA), and offered a relatively in-line 4Q guide... More
November 13, 2024 7:17 AM EST
Cantor Fitzgerald analyst Deepak Mathivanan raised the price target on Instacart (NASDAQ: CART) to $56.00 (from $45.00) while maintaining a Overweight rating.
The analyst comments "CART reported 3Q with GTV and EBITDA above Street estimates by 1% and 7%, respectively. Order growth of +10% y/y accelerated by... More
November 13, 2024 7:15 AM EST
Macquarie analyst Ross Compton raised the price target on Instacart (NASDAQ: CART) to $52.00 (from $50.00) while maintaining a Outperform rating.
The analyst comments "Q3 GTV grew 11%, to $8.3bn marginally above our $8.2bn estimate: GTV was helped as order volumes grew 10% to 72.9m. Transaction revenue of $606m beat cons. $602m (FactSet)- with 7.3%... More
November 13, 2024 5:31 AM EST
Citi analyst Ronald Josey raised the price target on Instacart (NASDAQ: CART) to $55.00 (from $47.00) while maintaining a Buy rating.
The analyst comments "With Order & GTV growth accelerating to +10% Y/Y & +11% Y/Y, respectively, 3Q24 results highlight strengthening demand as Instacart improves affordability and... More
