Stockchase Opinions

Jim Cramer - Mad Money Instacart CART-Q DON'T BUY Nov 01, 2023

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

$25.050

Stock price when the opinion was issued

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COMMENT

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

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.