Instacart's IPO Filing Suggests These 2 Uber Products Still Have a Long Way to Go
Instacart is about to go public, and there's a lot for investors to digest from its financial filing with the Securities and Exchange Commission (SEC).
Aside from investors chasing the next hot initial public offering (IPO), a group of investors that should be digging into Instacart's financials are Uber Technologies (NYSE: UBER) shareholders. Instacart is the leader in grocery delivery apps, and Uber ultimately wants to take the crown. And while Uber has a small foothold in grocery right now, it already has significant overlap with a couple of products offered by Instacart.
Looking at Instacart's S-1 filing with the SEC shows Uber still has a lot of potential to expand its advertising business and its subscription offering.
Source Fool.com
Uber Technologies Inc Stock
€62.75
-2.460%
The stock is one of the favorites of our community with 81 Buy predictions and 2 Sell predictions.
With a target price of 80 € there is a positive potential of 27.49% for Uber Technologies Inc compared to the current price of 62.75 €.
