Why This Instacart Analyst Remains Bullish Even As Amazon, Uber, DoorDash Intensify Competition
1. Instacart's stock is under pressure from competitors' expansions. 2. Goldman Sachs maintains a Buy rating with a target price of $67. 3. CART shares declined by 12% since September amid competitive announcements. 4. Analyst predicts partnerships may increase demand rather than cannibalize sales. 5. CART shares rose 1.31% to $38.81 as of publication.