Instacart Down 26% Since its IPO But Wall Street Reiterates Buy Signals
Despite a 26% dip, analysts on Wall Street believe there is upside in Instacart, citing the company's current valuation as attractive.
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Amazon expands same-day grocery delivery to 1,000+ cities with plans to reach 2,300 by year-end.
Despite a 26% dip, analysts on Wall Street believe there is upside in Instacart, citing the company's current valuation as attractive.
US companies that launched IPOs in September bagged roughly $7.2 billion so far, paving the way for a potential IPO market boom in 2024.
Delivery service provider Instacart saw its share price tumble 18% since the Monday market debut.
Despite Arm's successful debut, experts believe the IPO market is still sluggish.
Instacart could be valued at $10 billion at its IPO as the company seeks to raise its target price following Arm's hot debut.
2020 was a tremendous year for IPOs, with many gainers. 2021 could be the same, with several companies going public.