Instacart Stock Rises on Earnings Beat, Upgrade. Why Competition Is Helping. - Barron's
1. Instacart's earnings surpassed expectations, reporting 41 cents per share. 2. Gross transaction value reached $9.1 billion, up 11% year-over-year. 3. Benchmark analyst upgraded Instacart to Buy with a $67 target price. 4. U.S. digital grocery sales grew 28% YoY, benefiting Instacart. 5. Instacart faces competition but shows strong growth potential.