11 Best Young Stocks to Buy According to Hedge Funds

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7. Maplebear Inc. (NASDAQ:CART)

Number of Hedge Fund Holders: 60

Maplebear Inc. (NASDAQ:CART) does business as Instacart and provides online grocery shopping services to households in North America. Its service can be provided through the company’s mobile application or website. The company also provides advertising services and SaaS solutions.

Maplebear’s Advertising and Other Revenue segment grew by 14% year-over-year and outpaced the Gross Transaction Value growth of 10% while exceeding the company’s internal expectations in Q1 2025. This was fueled by contributions from both large, established brand partners and emerging brands using Maplebear’s advertising platform. Despite potential headwinds from macroeconomic uncertainty and evolving trade policies, the underlying trends in its advertising business remain strong.

Maplebear Inc. (NASDAQ:CART) is also using AI to enhance its advertising capabilities. Tools like universal campaigns, which provide brands with a scalable way to connect with customers across Maplebear’s advertising ecosystem, are powered by AI. For Q2, the company anticipates that Advertising and Other Revenue growth will modestly outpace its anticipated GTV growth. Still, on May 5, Seaport Research lowered the price target on Maplebear to $54 from $58 while keeping a Buy rating.

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