Instacart (CART) Stock Jumps 9% as Uber and DoorDash Reportedly Circle

TLDR Instacart (CART) stock rose about 9% on Friday after reports that it is exploring a sale. The company is reportedly working with an investment bank and has held early talks with Uber and DoorDash. Instacart’s market value is just shy of $12 billion, and a 30% to 40% premium would put a deal near $17 billion. Revenue growth was 11% in both 2024 and 2025, but Q2 revenue rose 14% to $1 billion. Analysts hold a Moderate Buy rating with an average price target of $58.38, about 3% above current levels.

Source: CoinCentral