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Investor's Business Daily

Investor's Business Daily

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Instacart Stock Gets New Buy Call As Results Ease Competition Fears

Investor's Business Daily
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Needham analyst Bernie McTernan upgraded Instacart to buy from hold, with a price target of 65 .

Needham said concerns about competition and the Covid-19 pandemic pulling demand forward were overblown.

McTERNan also placed the grocery delivery firm on its "conviction list" of stocks.

The grocery delivery company completed an initial public offering in September 2023 .