Instacart's Total Addressable Market Is Massive Despite Grocery Category Being Slower To Shift Online, Says Bullish Analyst
1. Analyst initiated coverage on Instacart (CART) with a Buy rating. 2. CART's price forecast set at $62.00, indicating significant growth potential. 3. Instacart holds over 50% market share for small baskets, vital for revenue. 4. The grocery sector generates $1.1 trillion annually but online growth is slow. 5. Instacart's long-term revenue growth expected in high single digits.