Instacart price target raised to $55 from $50 at Needham

Core Viewpoint - Needham raised the price target on Instacart (CART) to $55 from $50 while maintaining a Buy rating, indicating confidence in the company's performance amidst competitive pressures [1] Summary by Category Price Target Adjustment - The price target for Instacart has been increased to $55 from $50, reflecting a positive outlook on the company's future performance [1] Competitive Position - The company's continued execution is seen as providing positive data points that alleviate concerns regarding competition in the market [1]