Baird Signals Continued Confidence in Maplebear Inc. (CART)'s Long-Term Growth Potential

We recently published an article titled 12 High Growth E-commerce Stocks To Buy. 

Baird analyst Colin Sebastian lowered the firm’s price target on Maplebear Inc. (NASDAQ:CART) to $49 from $50 while maintaining an Outperform rating on the shares on January 27. This reflects modest model updates following a review of key issues ahead of the company’s upcoming earnings release. Despite the slight adjustment, Baird’s continued Outperform stance underscores confidence in the company’s strategic positioning and longer-term growth outlook.

A central pillar of that outlook is Maplebear Inc. (NASDAQ:CART)’s enterprise platform, which now powers more than 350 e-commerce storefronts for grocery and retail partners. This segment has emerged as a meaningful growth driver, extending the company’s reach beyond its core marketplace and creating opportunities for deeper retailer integration and international expansion over time. Maplebear Inc. (NASDAQ:CART) is also leaning aggressively into artificial intelligence as a differentiator across its platform. The company recently launched a suite of AI-powered products designed to help retailers leverage generative AI for tasks such as personalization, merchandising, and operational efficiency. Early feedback from retail partners has been positive, suggesting these tools could enhance retailer ROI while supporting higher-margin software and advertising revenue streams for Maplebear.

Operating also as Instacart, Maplebear Inc. (NASDAQ:CART) is a San Francisco-based technology company founded in 2012 that runs one of the leading online grocery delivery and pickup marketplaces in the U.S. and Canada. The platform enables consumers to order from thousands of retailers through its app and website, generating revenue through transaction fees and a rapidly growing advertising business. With expanding enterprise offerings, increasing AI-driven monetization opportunities, and continued analyst support, Maplebear remains positioned to evolve from a delivery-centric platform into a broader retail technology enabler.

While we acknowledge the potential of CART as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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