Overview
- Instacart expanded its Allegiance Retail Services partnership to pilot AI-powered Caper Carts at select Foodtown stores in New York, New Jersey, and Pennsylvania, with additional rollouts planned in 2026.
- Baird on January 27 trimmed its price target to $49 from $50 and kept an Outperform rating, highlighting the enterprise platform and new AI tools as drivers of future growth.
- Stifel on January 27 cut its price target to $46 from $49 while maintaining a Buy rating, citing ongoing marketplace competition and projecting roughly a 2-point market-share decline in Q4 2025.
- Q3 2025 results showed GTV up 10% to $9.17 billion on 83.4 million orders, up 14%, with average order value down 4% and profitability improving across GAAP net income and adjusted EBITDA.
- Management increased its share repurchase authorization by $1.5 billion, as commentary pointed to ad-spend softness, regulatory risk, and affordability-related churn as near-term constraints.