Instacart (NASDAQ: CART) has been in a downtrend ever since it debuted on Nasdaq but a Wolfe Research analyst is confident the stock will rebound in 2024.Instacart stock could rally back to $35Copy link to sectionDeepak Mathivanan upgraded the grocery delivery company this morning to “outperform” and said its shares could climb all the way back to $35. His price objective suggests a near 50% upside from here. The analyst is super bullish because he sees an attractive risk-reward in Instacart stock.We do not ...

Instacart and DoorDash are raising prices in Seattle following the city’s new minimum pay law.Seattle in 2022 passed legislation that increased wages for drivers for the delivery apps. That law went into effect Saturday (Jan. 13), and is happening as the federal government is looking to raise wages for gig workers around the country.According to a Seattle Times report, the new city law requires companies like DoorDash and Instacart to pay at least 44 cents per minute plus 74 cents per mile during orders (or ...

Conversion The Conversion Shortfall for the Series A redeemable convertible preferred stock on any conversion date is defined as the absolute dollar value by which the product of the Conversion Ratio and the 10-Day VWAP for an applicable conversion is less than the Stated Value plus the Minimum Return Amount on such date. Under certain regulatory events or strategic actions by the Company or the holder the Company or the holder, as applicable, has the right to elect to redeem all outstanding shares of Serie ...