5 Best IPO Stocks to Buy in 2026

4. Instacart (NASDAQ:CART)

Number of Hedge Fund Holders: 50

Instacart (NASDAQ:CART) is one of the best IPO stocks to buy in 2026. On April 27, Cantor Fitzgerald increased the price target for Instacart to $52 from $47 with an Overweight rating ahead of the company’s Q1 earnings. The firm anticipates that Q1 results will slightly exceed the high end of previous guidance for Gross Transaction Value/GTV and EBITDA, supported by recent execution trends and strategic progress in advertising and enterprise partnerships.

While the analyst expects GTV growth to decelerate into the low double-digits during Q2 due to more difficult year-over-year comparisons, the firm remains optimistic about Instacart’s long-term retailer relationships and expects upcoming guidance to align with market expectations.

Additionally, on April 24, Bloomberg reported that Apoorva Mehta, the co-founder of Instacart, has launched a new hedge fund named Abundance that uses an autonomous army of AI agents to manage investment decisions. Based in Palo Alto, the firm aims to move beyond simple AI support tools to a model where thousands of bots handle the entire trading lifecycle, from scouring the internet for ideas and conducting research to executing and sizing long and short stock bets.

Instacart (NASDAQ:CART), operating as Maplebear Inc., is a North American retail technology company that operates a massive online marketplace for grocery delivery and pickup, connecting customers with personal shoppers who fulfill orders from local retail stores.