Instacart Stock’s ‘Valuation Is Attractive.’ Buy Calls Are Coming In.

Instacart ‘s beaten-down stock is winning favor among Wall Street analysts. On Monday, J.P. Morgan ‘s Doug Anmuth rated the grocery-delivery stock at Overweight, the equivalent of Buy. Instacart’s stock (ticker: CART) is trading at an attractive price and should rise further as the online grocery industry picks up pace, he wrote in a research note.