Instacart (CART), officially known as Maplebear, has emerged as a major player in the online grocery delivery industry. It went public in September 2023 and was one of the hottest IPOs of the year. Instacart's ingenious business strategy is based on innovation and diversity. The company is no longer just a delivery service, but a tech-driven retail solutions provider that uses the power of artificial intelligence (AI).
The company reported another strong quarter, sending its stock up 81.7% year-to-date, outperforming the S&P 500 Index's ($SPX) 27.2% gain. Wall Street is moderately optimistic about Instacart's long-term prospects, citing positive trends in online delivery. Let’s find out if this is the right time to add this retail tech stock to your 2025 portfolio.
