Is Instacart Falling Behind As Amazon, Uber, And Walmart Battle For Grocery Customers?
1. Instacart faces topline risks due to rising competition in digital grocery delivery. 2. Amazon expands same-day perishable delivery to 2,300 cities, intensifying competition. 3. Piper Sandler downgraded Instacart, citing growth pressure and pricing concerns. 4. Instacart's share price fell 10% following Uber and DoorDash announcements. 5. Grocery market valued at $1.2 trillion, with digital penetration expected to increase.