Instacart (CART): E-Commerce Grocery & Delivery Is Increasing

Multiple analysts initiated coverage on Instacart (CART). George Tsilis discusses this as Goldman Sachs has a buy rating with a $48 price target and Wedbush has a neutral rating with a $28 price target. He talks about how e-commerce grocery shopping is increasing and developing. He notes that CART is profitable, and he compares the stock to Doordash (DASH) and Uber Eats (UBER). He then goes over how Walmart (WMT), and Target (TGT) are developing their own delivery services. Tune in to find out more about the stock market today.