HomeBusinessTransportation Industry & Stock NewsInstacart's Place In Food Delivery Ahead Of IPO

Instacart's Place In Food Delivery Ahead Of IPO

Instacart generated $2.6B in revenue and 428M net income in the 2022 calendar year, notes Morningstar’s Ali Mogharabi. He discusses delivery stock and what to expect from the Instacart IPO. He talks about how profitability is “attractive for the market.” He highlights that Instacart’s service is not necessarily unique, there is a lot of competition out there, especially from large companies. He looks at Instacart’s place in the food delivery space. Tune in to find out more about the stock market today.

Morning Trade Live

19 Sep 2023

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