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Instacart shares rally on a forecast boosted by restaurant orders

Summary by MarketWatch

Shares of Maplebear Inc. — the online grocery-delivery company better known as Instacart — jumped in extended trading Tuesday after the company forecast a key demand metric that was above Wall Street’s expectations, as it looks to partner with bigger retailers and banks on more restaurant orders through its app.

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Instacart shares rally on a forecast boosted by restaurant orders

Shares of Maplebear Inc. — the online grocery-delivery company better known as Instacart — jumped in extended trading Tuesday after the company forecast a key demand metric that was above Wall Street’s expectations, as it looks to partner with bigger retailers and banks on more restaurant orders through its app.

11 months ago·United States

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MarketWatch broke the news in United States 11 months ago on Tuesday, August 6, 2024.

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