Stifel Cuts Instacart Price Target to $46 but Keeps Buy Rating Amid Competitive and Regulatory Headwinds
Stifel reduced its price target on Instacart (NASDAQ:CART) to $46.00 from $49.00 on Tuesday while keeping a Buy rating. The new target aligns with InvestingPro's Fair Value assessment and implies upside from the stock's current trading level of $37.85. Stifel cited ongoing competitive pressures but left its financial estimates unchanged, projecting…