Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
🇺🇸 Instacart posts strong Q1 results, names new CFO https://t.co/p0csWTYKWf
$CART JPMorgan reiterates Instacart as overweight JPMorgan said it’s sticking with its overweight rating on shares of Instacart following earnings on Wednesday. “We remain Overweight & increase our Dec-24 PT to $47 (from $45 prior), based on ~11x our updated 2025E Adj. EBITDA.”
🇺🇸 Instacart names Uber veteran its new CFO, as results top estimates https://t.co/YXnGzKbN67
Instacart has appointed former Uber veteran Emily Reuter as its new CFO, succeeding Nick Giovanni who is retiring. The company reported first-quarter revenue of $820 million, beating analysts' estimates. Reuter previously oversaw corporate finance at Uber. JPMorgan reiterates Instacart as overweight with a target price of $47.