Maplebear (CART) Adds Three Partnerships, Is The Stock Still Cheap?

Maplebear (CART), better known as Instacart, has packed three fresh partnerships into a single week, ranging from healthcare food benefits with Unite Us to new retail reach through Dollar General and Gopuff.

Recent trading reflects that mixed backdrop. The share price has climbed 3.21% over the last day and 5.38% over the past week, yet declined 10.57% across the last 30 days and 5.01% over 90 days, while total shareholder return over one and three years sits at 20.66% and about 8.5x respectively. This suggests long term holders have seen much stronger momentum than short term traders as the latest Unite Us, Dollar General, and Gopuff partnerships land in the market.

Seize this moment around Maplebear’s new partnerships to review a hand-picked 27 high quality undervalued stocks that also combine resilient cash flows with balance sheets built to handle pressure.

After a sharp 30 day pullback and a long term chart that still shows Maplebear up many times over three years, does the current price yet compensate you for the execution risk behind these new partnerships, or not?

Most Popular Narrative: 21% Undervalued

Maplebear last closed at $45.67, while the most followed narrative pegs fair value at about $58.14. The story centers on whether partnerships, AI tools, and retail media can support that higher figure over time.

Deepening enterprise partnerships and a growing suite of omnichannel retailer integrations (such as Storefront, Carrot Ads, Caper Carts, Carrot Tags) are increasing stickiness with major retail chains, creating new recurring revenue streams and driving higher margin, non transaction based revenues (e.g., advertising, in store tech). This is making the business model less volatile and supporting sustainable margin expansion and earnings resilience.

See why 20 investors see Maplebear as 21% undervalued.

Result: Fair Value of $58.14 (UNDERVALUED)

Still, higher labor and regulatory costs around gig work, along with tougher competition for key retail partners, could quickly challenge the upbeat Maplebear narrative.

Find out about the key risks to this Maplebear narrative.

Next Steps

Mixed messages in the Maplebear story so far, or just a work in progress for you to evaluate on your own terms. Move quickly and weigh both sides by checking the 3 key rewards and 1 important warning sign.

Looking for more Maplebear investment ideas beyond this headline?

Do not stop with Maplebear alone. Use this momentum to widen your watchlist, compare different setups, and pressure test your own thinking against fresh opportunities.

• Target dependable income streams by reviewing companies in the 7 dividend fortresses that aim to combine steady payouts with resilient business models.
• Hunt for quality at a discount through the 19 high quality undiscovered gems that pair solid fundamentals with limited current market attention.
• Stack the odds toward capital protection by focusing on the 31 resilient stocks with low risk scores designed to flag businesses with stronger overall risk profiles.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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