Instacart to face challenges in competition and third-party premiums, says Deutsche's Lee Horowitz
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Deutsche Bank's Lee Horowitz maintains a hold rating on Instacart, citing challenges in competition and third-party premiums, despite the company's shares experiencing a surge this year.
December 03, 2024 | 9:00 pm
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Deutsche Bank's Lee Horowitz maintains a hold rating on Instacart due to competitive challenges and third-party premiums, despite a surge in shares.
The hold rating suggests a neutral stance, indicating that while Instacart's shares have surged, the challenges in competition and third-party premiums are significant enough to prevent a more positive rating. This suggests a balanced outlook with no immediate expected price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100