Analysts generally took bullish views on Instacart’s stock as they launched coverage recently
After just a few weeks of public life, shares of Instacart are already trading below their listing price, but numerous analysts see better days ahead for the grocery-delivery company, which does business as Maplebear Inc.
Potter acknowledged that growth at Instacart has slowed down in a big way coming out of the pandemic, which had driven heightened interest in grocery delivery. But Instacart’s growth, which currently trails that of other gig-economy services, could reaccelerate, in his view. In the meantime, Potter said the company’s “superior margins” help it stand out in an uncertain macroeconomic environment.
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