Instacart's Order Growth Accelerates, But Tougher Comparisons Loom in 2025, Says Analyst

Maplebear Inc CART also known as Instacart reported worse-than expected fourth-quarter revenue. The following are the analysts comments on the company’s performance.Needham analyst Bernie McTernan reiterated a Buy rating on the shares and maintained the price forecast of $56.00.Order growth for CART picked up pace for the second straight quarter, reaching +10.6% in fourth-quarter, partly driven by continued increases in order frequency, which seems to be a growing positive factor for the company, noted the ...