Instacart (CART) is valued at $10B and 22M shares were sold at its IPO. Needham initiated coverage of CART with a hold rating. Needham sees a balanced risk/reward on CART. The analyst notes that it sees competition from Uber (UBER) and Doordash (DASH). They also highlight that given slowing growth and “already scaled” advertising business, the risk/reward is balanced. Caroline Woods discusses this, along with Pinterest (PINS) which was upgraded at Citi and Da Davidson. The Citi analyst noted that they left analyst day “incrementally confident that engagement can continue to ramp up. Additionally, the analyst mentioned that PINS product investment is improving the user experience and driving greater relevance of content across the platform. Tune in to find out more about the stock market today.