Veytics Intelligence
2026-10-23 · Yahoo

Instacart jumps 10% on report of potential sale to Uber or DoorDash

Investing.com -- Instacart (CART) closed up 9.2% on Friday after The Information reported the grocery-delivery company was exploring a sale and had held preliminary discussions with Uber (UBER) and DoorDash (DASH). Shares of both potential buyers hit session lows. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » Instacart, valued at about $12 billion, is working with an investment bank to evaluate its options, according to The Information. A typical takeover premium of 30% to 40% would put its valuation at roughly $16 billion to $17 billion, though discussions remain preliminary and may not lead to a deal. Unsure what to buy ahead of earnings?

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