10 Best Stocks to Buy According to D1 Capital’s Daniel Sundheim

1. Maplebear Inc. (NASDAQ:CART)

D1 Capital Partners’s Stake as of Q4: $934 million

Number of Hedge Fund Holders: 60

Maplebear Inc. (NASDAQ:CART), also known as Instacart, provides a grocery delivery platform that is well-known throughout the United States, with over 600,000 drivers and a network of about 8 million monthly active customers. It also benefits from its strategic alliance with Uber Technologies, which improves delivery via the Instacart app.

Maplebear Inc. (NASDAQ:CART) has also launched the Smart Shop feature, which uses artificial intelligence to customize grocery shopping, and Health Tags and Inspiration Pages, which provide extensive nutritional information and expert-backed health advice to grocers.

On April 11, JMP Securities analysts, led by Andrew Boone, maintained Maplebear Inc. (NASDAQ:CART)’s Market Outperform rating and price target of $55. The analysts emphasized Instacart’s competitive environment, particularly with vertically integrated e-commerce retailers like Walmart. Despite this, they stressed the massive scale of the US grocery sector, valued at more than $700 billion, that can sustain numerous players. The JMP team noted the strategic advantage of mid-tier supermarkets partnering with Instacart to compete with larger retailers. They also noted the company’s ability to increase revenue and margins by providing more software-based tools to retailers.

While we acknowledge the potential for CART as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%.  If you are looking for an AI stock that is more promising than CART but trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks to Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.