Analyst: Instacart Stock Boasts 21% Upside
Shares of Wall Street newbie Maplebear Inc (NASDAQ:CART), or Instacart, are 3.2% higher at the open, following a bull note. Bernstein upgraded the food delivery and e-tail stock to "outperform" from "market perform" and hiked is price target by 43 -- a 21.6% upside to last night's close.Coming into today, the brokerage bunch was split nearly down the middle. Of the 17 covering brokerages, nine rated CART a "strong buy," while eight recommended a tepid "hold." This leaves the security open to even mo ...