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CART / Instacart's IPO filing reveals long-term upside for rivals Uber and DoorDash, analysts say

Instacart filed Friday to move forward with an initial public offering for what would be the first major venture capital-backed tech IPO since December 2021 The company, which plans to trade under the ticker symbol CART has some near-term concerns but offers long-term potential (along with its rivals), according to analysts at UBS. The firm is “slightly more concerned about near-term grocery delivery order growth and AOV trends for DASH/UBER, but more positive on [long-term] ability for cohort behavior, increasing ad penetration and subscription users to deliver topline growth,” analysts wrote. Read More

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Posted: Aug 28 2023, 14:09

Author Name: Proactive Investors

CART News

By PYMNTS
October 26, 2023

Camping World and Instacart Partner on Delivery of Outdoor Gear

Camping World has become the first dedicated camping and recreational vehicle (RV) supplies retailer to partner with Instacart for same-day deliver

By PYMNTS
October 24, 2023

Instacart Expands Grocery Benefit Programs in Push for New Audiences

Instacart is on a partnership spree, expanding its user base by offering grocery benefits through a range of healthcare institutions and other busines

By InvestorPlace
October 23, 2023

CART Stock Price Prediction: Where Will Instacart Be in 5 Years?

Instacart (NASDAQ: CART ) has been one of the more intriguing IPOs of the past year. In September, CART stock went public at $30 per share, surging to

By PYMNTS
October 20, 2023

Instacart Serves Up New Avenues for Brands to Reach Shoppers

Delivery platforms like Instacart are becoming a valuable avenue for brands looking to connect with consumers who prefer the convenience of grocery sh

By PRNewsWire
October 18, 2023

Instacart to Report Third Quarter 2023 Financial Results on November 8, 2023

SAN FRANCISCO , Oct. 18, 2023 /PRNewswire/ -- Instacart (NASDAQ: CART) today announced it will report its third quarter 2023 financial results after

By InvestorPlace
October 17, 2023

Instacart Outlook: Is CART Stock a Buy, Sell or Hold Post-IPO?

Without a doubt, Instacart (NASDAQ: CART ) is facing challenging competition. Unfortunately, it does not have any major advantages over its many rival

By Proactive Investors
October 17, 2023

Instacart's high-margin advertising opportunity impresses analysts amid competition concerns

Instacart (NASDAQ:CART) has a unique first-mover advantage over other third-party food delivery platforms and an enticing profitable economic profile,

By PYMNTS
October 16, 2023

Instacart Gets Positive Analyst Reviews but Stock Stays Same

Instacart has reportedly garnered positive reviews from Wall Street analysts following its IPO. As Bloomberg News reported Monday (Oct. 16), the on

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