Instacart is for me a short-term trading opportunity
Goldman Sachs raises the price target to $66 (Buy)
The share buyback program has been increased by $1.5 billion
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The pullback in Instacart (CART) presents an opportunity for short-term trading maneuvers. While the company remains a leading online supplier in the grocery market with 1,800 retail partners, competitive pressure from Amazon, Uber, and DoorDash is visibly increasing. According to BMO Capital, a "historically attractive valuation" supports a short-term breakout trade, and the price target set by Goldman Sachs signals a 70% chance. I appreciate the broad range of e-commerce solutions offered for own online shops, fulfillment, advertising, and in-store...
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