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Jim Cramer - Mad MoneyInstacartCARTCOMMENTSep 15, 2023

They raised their IPO price (happening next Monday) after the success of Arm's IPO this week.

Jim Cramer - Mad Money

No

N/A

Stock price when the opinion was issued

$41.25

As of Jun 12, 2026. Market Open.

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WAIT

Their Q2 report: +15% total revenue and 89% adjusted EBITDA YOY, beating the street, plus delivered robust guidance. That said, he remains wait and see with this new public company, because still prefer buying groceries like meat in person.

DON'T BUY

Too many problems and doesn't see growth. Prefers Doordash.

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