| BURU 0.2231 0.86% | PLUG 3.81 34.63% | ASNS 0.6247 68.84% | DFLI 1.89 76.64% | CHR 0.1609 22.64% | OPEN 8.11 1.25% | SOXS 4.69 1.96% | BNAI 0.6015 69.44% | TSLL 19.63 -2.92% | RKT 17.8 -3.10% | LAC 9.04 31.78% | SNAP 8.54 3.89% | RGTI 40.06 13.16% | NVDA 187.62 -0.67% | TSLA 429.83 -1.42% | CAN 1.31 -0.76% | INTC 36.83 -1.26% | SQQQ 15.05 1.42% | DNN 2.8 1.08% | QUBT 24.62 23.22% | PSLV 16.13 2.35% | GPUS 0.54 11.57% | ACHR 11.57 13.65% | PLTR 173.07 -7.47% | RR 6.18 19.77% | F 12.67 3.68% | QBTS 32.7 11.95% | BBAI 7.19 -1.10% | TLRY 1.62 0.62% | TSLQ 8.51 2.78% | IBIT 69.81 1.51% | SOFI 25.24 -2.81% | AAL 11.58 1.31% | IONZ 3.4 -11.92% | QS 15.92 11.33% | SOUN 17.85 0.06% | DVLT 1.34 -12.42% | ONDS 9.91 7.60% | PFE 27.37 1.07% | SOXL 38.23 -2.18% | CIFR 14.7 6.44% | SPY 669.21 0.00% | HIVE 4.45 2.06% | CJET 0.169 -0.59% | BITF 3.01 2.73% | BBD 3.17 0.11% | SHOT 0.3702 31.74% | ANRO 6.89 56.24% | NIO 7.7 -2.41% | MARA 18.82 0.16%
Article image

Instacart Downgraded To Neutral At BTIG On Rising Competition

BTIG downgraded Instacart (NASDAQ: CART) to Neutral from Buy, citing mounting competitive pressures from larger rivals in the grocery delivery space.

The firm highlighted Amazon’s expansion into perishable grocery delivery across 1,000 cities, as well as new deals by Instacart’s retail partners with Amazon, DoorDash (NYSE: DASH), and Uber (NYSE: UBER). BTIG estimated that more than 25% of Instacart’s gross order volume had recently shifted to competitors.

Earlier this month, the brokerage had already tempered its price target, but said the latest competitive developments raised concerns over the sustainability of Instacart’s growth. Analysts concluded that it was increasingly difficult to justify a double-digit EBITDA multiple given the negative outlook.

Published on: September 30, 2025