Uber could explore a merger with Instacart – analyst says

Instacart (NASDAQ: CART) has been in a downtrend ever since it debuted on Nasdaq but a Wolfe Research analyst is confident the stock will rebound in 2024.Instacart stock could rally back to $35Copy link to sectionDeepak Mathivanan upgraded the grocery delivery company this morning to “outperform” and said its shares could climb all the way back to$35. His price objective suggests a near 50% upside from here. The analyst is super bullish because he sees an attractive risk-reward in Instacart stock.We do not ...