Needham Raises Instacart (CART ) PT to $55 on Strong Execution

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Needham has raised its price target for Instacart (NASDAQ: CART) to $55 from $50, maintaining a Buy rating due to strong execution and limited competitive impact. This positive outlook follows Instacart’s record 14% GTV growth in Q4 2025 and exceeding EBITDA forecasts. While Cantor Fitzgerald lowered its price target to $47, it maintained an Overweight rating, citing confidence in Instacart’s grocery fundamentals and ongoing initiatives.

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