Here's What Analysts Are Saying About Maplebear Inc. (CART)

Maplebear Inc. (NASDAQ:CART) is one of the best e-commerce stocks to buy now. Maplebear Inc. (NASDAQ:CART) and Costco Wholesale announced on January 30 the expansion of their North American partnership into Europe, along with the launch of Costco’s first-ever same-day delivery websites in France and Spain. The launch was powered by Instacart’s Storefront Pro commerce platform and fulfillment solutions services, with the initial rollout including delivery from all Costco locations in France and Spain. These include locations in the Paris metropolitan area and Mulhouse in France, along with Bilbao, Madrid, Seville, and Zaragoza in Spain.

In another development, Maplebear Inc. (NASDAQ:CART) received a rating update from Morgan Stanley, which maintained a Hold rating on the stock with a $48 price target on January 28. According to the firm, Instacart is expected to deliver adjusted earnings of $0.95 per share on about $970 million in revenue in its fiscal Q4 results, which would reflect considerable growth from last year. It also cited the company’s loyal subscriber base, stating that customers usually exhibit reluctance to switch services once they get used to the convenience. Morgan Stanley also highlighted Instacart’s strong potential in benefiting from AI-related trends, provided its access to retailer data, logistics, and its partnerships with ChatGPT.

Maplebear Inc. (NASDAQ:CART) is involved in the design and development of an online application offering grocery delivery and pick-up services. It offers Instacart, which allows users to connect with personal shoppers in their area, who then pick up and deliver groceries from local stores.

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