Independent grocers across MDI's retailer network to adopt Instacart Storefront Pro and launch on the Instacart App with new partnership SAN FRANCISCO and HICKORY, N.C. , Aug. 28, 2025 /PRNewswire/ -- Instacart (NASDAQ: CART), the leading grocery technology company in North America, today announced a new partnership with Merchants Distributors, LLC (MDI), a leading wholesale grocery distributor...
Instacart (NASDAQ:CART) shares moved lower after Wedbush downgraded the company to ‘Underperform' from ‘Neutral' and lowered its price target to $42 from $55, with analysts citing intensifying competition in the grocery delivery space. “Instacart has demonstrated healthy gross transaction volume (GTV) growth and an improving margin trajectory over the last few quarters, tempering some investor ...
Shares of Maplebear Inc (NASDAQ:CART), which does business as Instacart, are down 3.2% at $44.07, after a downgrade from Wedbush to "underperform" from "neutral," with a price-target cut to $42 from $55.
Maplebear, which operates as Instacart, saw its shares fall nearly 3% on Thursday after Wedbush Securities downgraded the grocery delivery company to underperform from neutral. The firm also cut its price target to $42 from $55, implying about 8% downside from Wednesday's close.
SAN FRANCISCO , Aug. 15, 2025 /PRNewswire/ -- Instacart (NASDAQ: CART), the leading grocery technology company in North America, today announced that Josh Silverman, Chief Executive Officer of Etsy, Inc., has joined the company's Board of Directors. "Josh is a proven marketplace innovator with a track record of scaling consumer platforms such as Etsy, Evite, and Skype," said Chris Rogers, Insta...
“The reason this announcement is so significant is that Amazon has yet to displace incumbents in the grocery category, at least for perishables,” Wedbush analysts said.
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