--- title: "Is Instacart Falling Behind As Amazon, Uber, And Walmart Battle For Grocery Customers?" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/259927928.md" description: "Instacart (NASDAQ:CART) shares fell after Piper Sandler downgraded the company to Neutral, citing increased competition in online grocery delivery. The price forecast was lowered from $62 to $41. Instacart's Gross Transaction Value growth is under pressure, with rivals like Amazon, Uber, and Walmart expanding aggressively. Instacart's pricing is also a concern, as its baskets are about 30% more expensive than in-store options. The company's web traffic and app downloads have declined, leading to modest cuts in revenue estimates for 2025 and 2026. Instacart shares were down 3.69% to $37.85." datetime: "2025-10-03T19:47:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/259927928.md) - [en](https://longbridge.com/en/news/259927928.md) - [zh-HK](https://longbridge.com/zh-HK/news/259927928.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/259927928.md) | [English](https://longbridge.com/en/news/259927928.md) # Is Instacart Falling Behind As Amazon, Uber, And Walmart Battle For Grocery Customers? **Maplebear Inc.** (NASDAQ:CART), operating as **Instacart**, saw its shares decline on Friday after research highlighted topline risks associated with rising competition in online grocery delivery. **Piper Sandler** downgraded Instacart to Neutral from Overweight, lowering its price forecast to $41 from $62. The firm's updated six-year DCF assumes a 12% discount rate and 2% terminal growth. Piper Sandler analysts led by **Thomas Champion** said heightened competition in the digital grocery sector puts pressure on Instacart's topline, with about 10% Gross Transaction Value (GTV) growth year-to-date. **_Also Read: Maplebear (CART) Shares Fall As Competition Heats Up: What Investors Need To Know_** Competitive intensity has risen with recent moves by large rivals. **Amazon** (NASDAQ:AMZN) announced in August it will expand same-day perishable delivery to 2,300 cities by year-end, up from 1,000 currently. **Uber** (NYSE:UBER) unveiled a nationwide partnership with Aldi in September, covering 2,500 stores, while **DoorDash** (NASDAQ:DASH) expanded its agreement with **Kroger** (NYSE:KR) to 2,700 locations. **Walmart** (NYSE:WMT) earlier committed to providing delivery in three hours or less to 95% of U.S. households by the end of 2025. Piper noted that Instacart shares fell about 10% on both the Uber and DoorDash announcements. Piper estimates the U.S. grocery and adjacent categories represent a $1.2 trillion annual opportunity, with digital penetration at 15% and expected to climb to 20% by 2028. However, Walmart and Amazon hold larger shares, while Uber Eats and DoorDash are expanding faster. Instacart, ranked No. 3 in the U.S. with digital grocery Gross Merchandise Value (GMV) of $33.46 billion in 2024, could face a squeeze in the middle. Pricing is another concern. Piper's analysis shows that Instacart's baskets cost about 30% more than in-store, implying an average digital basket of $220 versus $170 in-store, or a $50 premium per order. This adds up to approximately $2,700 per year for regular customers. By contrast, Walmart and Amazon offer options closer to parity with in-store pricing, which may prove more sustainable. Instacart's web traffic declined 14% year-over-year in the third quarter, and app downloads are down 15% year-to-date. Piper modestly cut 2025 revenue estimates to $3.71 billion from $3.73 billion and 2026 revenue to $4.05 billion from $4.11 billion. EBITDA forecasts were revised to $1.06 billion for 2025 and $1.18 billion for 2026, both of which are slightly lower. Instacart shares now trade at ~8x next-twelve-months EV/EBITDA, compared with a prior trough of 6x. **Price Action**: CART shares were trading lower by 3.69% to $37.85 at last check Friday. - **_Global X Launches CHPX ETF To Ride The AI And Quantum Semiconductor Surge_** _Photo by JHVEPhoto via Shutterstock_ ### 相關股票 - [Instacart（Maplebear） (CART.US)](https://longbridge.com/zh-HK/quote/CART.US.md) - [Walmart (WMT.US)](https://longbridge.com/zh-HK/quote/WMT.US.md) - [Amazon (AMZN.US)](https://longbridge.com/zh-HK/quote/AMZN.US.md) - [Uber Tech (UBER.US)](https://longbridge.com/zh-HK/quote/UBER.US.md) ## 相關資訊與研究 - [Should You Chase the Amazon-Driven Rally in Globalstar Stock Today?](https://longbridge.com/zh-HK/news/281573463.md) - [Uber is buying Berlin startup Blacklane to bolster its ‘Elite’ offering](https://longbridge.com/zh-HK/news/281043401.md) - [Iridium Communications Stock (IRDM) Moonshots 12% on SpaceX IPO Filing and Amazon Takeover Rumors](https://longbridge.com/zh-HK/news/281548482.md) - [Amazon wants to buy satellite company Globalstar for $9 billion](https://longbridge.com/zh-HK/news/281567815.md) - [Why Is Globalstar Stock Soaring Thursday?](https://longbridge.com/zh-HK/news/281519853.md)