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Nov 11, 2025 12:00 PM

Instacart Analysts Praise Better-Than Expected Q3 Despite Competition, Kroger Loss

Shares of Instacart (NASDAQ:CART) climbed in early trading on Tuesday, after the company reported upbeat third-quarter results.

Here are some key analyst takeaways:

JPMorgan analyst Doug Anmuth maintained an Overweight rating, while reducing the price target from $65 to $55.

Needham analyst Bernie McTernan reiterated a Buy rating, while cutting the price target from $66 to $50.

BTIG analyst Jake Fuller reaffirmed a Neutral rating on the stock.

Check out other analyst stock ratings.

JPMorgan: "We come away from CART’s 3Q earnings more confident in the company's positioning in the secular-growth online grocery space based on its retailer relationships and enterprise offering, growth trajectory beyond exclusivity, and stepped-up efforts ...