15 Best IPO Stocks to Buy and Hold For 3 Years

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3. Maplebear Inc. (NASDAQ:CART)

EPS Forward Long Term Growth (3-5 Year CAGR): 15.64%

Number of Hedge Fund Holders: 64

Maplebear Inc. (NASDAQ:CART) is one of the best IPO stocks to buy and hold for 3 years. On September 9, Pear Suite, which is a digital health company, and Instacart announced a partnership aimed at improving food access for Medicaid members across the US. The collaboration will equip thousands of community health workers/CHWs with the tools to address food insecurity and connect individuals with healthy food resources.

The partnership builds on a 6-month pilot program involving 3,000+ Medicaid members. During the pilot, CHWs used Pear Suite’s AI-powered platform to provide nutrition education, support SNAP enrollment, and offer online grocery services through Instacart, like Instacart Health Fresh Funds grocery stipends. The program achieved an 86% engagement rate between CHWs and members with critical food access needs.

The pilot also found that one in five SNAP-eligible community members were not enrolled in the program, and 42% of clients reported rising grocery costs as a major barrier. Additionally, 42% of members faced transportation barriers, which online grocery delivery helped to overcome. The partnership allowed more than 150 families with immediate food needs to receive assistance.

Maplebear Inc. (NASDAQ:CART), doing business as Instacart, provides online grocery shopping services to households in North America.

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