Maplebear Inc
CART: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$74.50 | Ycrg | Yddmkkdkn |
Instacart: Opportunities for Sales Growth Remain but Competition Likely to Intensify
We are slightly raising our fair value estimate on no-moat Instacart to $34, from $33 previously, primarily due to a reduction in our assumed cash drag from working capital and our lower long-term reinvestment rate. We currently view shares as fairly valued.