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Mizuho Starts Instacart (CART) at Outperform

January 13, 2025 4:16 PM EST

Mizuho analyst James Lee initiates coverage on Instacart (NASDAQ: CART) with a Outperform rating and a price target of $55.00.

The analyst comments "We initiate coverage of Instacart at Outperform and $55 PT, based on 11x FY26 EBITDA. We believe CARTs category-leading position in grocery... More