Buy Instacart Stock, Says Analyst

A recent floor at the $30 level helped keep Instacart stock's recent pullback in check. The equity still has a lot of ground to make up in order to reach its initial public offering (IPO) debut that saw it touch an intraday high of$42.95, but CART still boasts in impressive 32.1% year-to-date lead. Shares of Instacart (NASDAQ:CART) are 2.6% higher at $30.91 at last glance, following a bull note from Gordon Haskett. The analyst upgraded CART to "buy" from "hold," citing the security's overdone selloff and u ...