Maplebear (CART) Faces Marketplace Competition but Expands AI-Powered Caper Cart Rollout

Maplebear Inc. (NASDAQ:CART) ranks among the mid-cap stocks to buy according to top investors. Stifel reduced its price target for Maplebear Inc. (NASDAQ:CART) to $46 from $49 on January 27, maintaining a Buy rating on the company’s stock. The firm cited persistent marketplace competition as impacting the stock, though it contends these issues have already been reflected in current market forecasts.

Stifel’s forecasts for Maplebear Inc. (NASDAQ:CART) remain constant, with the company expected to lose around 2 percentage points of its market share in the fourth quarter of 2025.

The same day, Maplebear strengthened its partnership with Allegiance Retail Services, with the goal of improving technological solutions for more than 125 independently owned grocers in the Northeast. The expanded relationship involves the introduction of Maplebear’s AI-powered Caper Carts at certain Foodtown outlets in New York, New Jersey, and Pennsylvania, with more rollouts planned for 2026.

Maplebear Inc. (NASDAQ:CART), doing business as Instacart, provides online grocery shopping services to households in North America. Its service can be provided through the company’s mobile application or website.

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Disclosure: None. This article is originally published at Insider Monkey.