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BTCC / BTCC Square / Global Cryptocurrency /
BTIG Downgrades Instacart Amid Rising Competition in Grocery Delivery

BTIG Downgrades Instacart Amid Rising Competition in Grocery Delivery

Author:
Global Cryptocurrency
Published:
2025-10-01 00:37:02
16
1
BTCCSquare news:

Investment firm BTIG has downgraded Instacart (CART) from Buy to Hold, citing competitive pressures as 25% of its business partners shift to rivals like Amazon, DoorDash, and Uber. Analyst Jake Fuller notes these competitors are aggressively expanding in grocery delivery through partnerships with major retailers, leaving Instacart vulnerable without comparable deals.

The loss of key partners undermines Instacart's valuation case for high double-digit EBITDA multiples. Market dynamics suggest the company is struggling to defend its position against better-capitalized tech giants. No direct cryptocurrency implications were identified in this equity-focused analysis.

|Square

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