CART Price Prediction Next Week
Based on the recent data and news analysis for Instacart (CART), here's the price prediction for next week:
Technical Analysis
The stock has shown significant volatility in recent trading sessions, with a price range of $24.52-$28.26. The current price of $26.77 sits near the middle of this range, showing consolidation.
News Sentiment & Analyst Views
- Seaport Research initiated coverage with a Buy rating and $62 price target
- Analysts highlight Instacart's leadership in third-party online groceries
- Strong value proposition across consumers, retailers, brands, and shoppers
- Expected high-single-digit long-term revenue growth with 35%+ EBITDA margins
Price Target for Next Week Based on technical indicators and recent analyst coverage:
- Support level: $25.50
- Resistance level: $28.30
- Expected trading range: $26.00-$28.00
Price Prediction: $27.80 by end of next week
Trading Recommendation: BUY
- Entry point: Current price ($26.77)
- Stop loss: $25.40
- Take profit: $28.00
Rationale:
- Strong institutional backing with recent positive analyst coverage
- Technical indicators showing potential upward momentum
- Positive market sentiment around online grocery sector growth
- Current price offers favorable risk-reward ratio with defined support levels
The stock shows potential for upward movement based on both technical and fundamental factors, with limited downside risk at current levels.
CART Similar Chart Price Prediction
The price of CART is predicted to go up -4.3%, based on the high correlation periods with EFX. The similarity of these two price pattern on the periods is 97.44%.
CART
EFX
Down: -4.3%Similarity: 97.44%
CART Revenue Forecast
CART EPS Forecast
CART FAQs
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CART VS S&P500
Online ordering demand should remain strong, propelling Instacart's top line and reinforcing the firm's network effect.
Small- and medium-sized grocers likely lack the financial means to build their own e-commerce networks, which makes Instacart's value proposition compelling.
Instacart's margins should benefit as the firm continues attracting lucrative advertising dollars to its platform.
CART Analyst's Forecast
Aaron Kessler
Seaport Global
Strong Buy
2025-02-12
Price Target
$62
Upside
+23.38%
Seaport Research analyst Aaron Kessler initiated coverage of Instacart with a Buy rating and $62 price target. The firm's positive view is based on a "massive" grocery total addressable market increasingly shifting online and its belief thatInstacart is the "clear" third-party leader in online groceries in the U.S., the analyst tells investors. The firm believes Instacart offers "a strong value proposition for consumers, retailers, brands, and shoppers" and it expects high-single digit long-term revenue growth with 35%-plus EBITDA margins.
Rob Sanderson
Loop Capital
Strong Buy
2024-12-09
Price Target
$49 → $56
Upside
+31.84%
Lee Horowitz
Deutsche Bank
Hold
2024-12-03
Price Target
$37
Downside
-15.33%
