Maplebear Inc. D/B/A Instacart: Upgrade To Outperform
Portfolio Pulse from
Instacart has been upgraded to 'Outperform' with a long-term buy rating, expected to reach a target price of $53 per share by 2025, potentially hitting $60. The company's growth is fueled by strong revenue, data-driven expansion, and strategic partnerships.
January 29, 2025 | 12:00 pm
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Instacart has been upgraded to 'Outperform' with a target price of $53 per share by 2025, potentially reaching $60. The company's growth is driven by strong revenue, data-driven expansion, and strategic partnerships, with Q3 '24 financials showing a 14% increase in GAAP gross profit and a 39% rise in adjusted EBITDA.
The upgrade to 'Outperform' and the target price increase indicate positive analyst sentiment, likely boosting investor confidence. The strong financial performance in Q3 '24, with significant increases in gross profit and EBITDA, supports the growth narrative. Strategic partnerships further enhance the company's potential for profitability and expansion.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100