美股新股市場乍暖還寒 Instacart上市第二日即下跌 分析師警告競爭加劇
美股新股市場乍暖還寒,雜貨配送公司Instacart(CART.US)上市僅第二日,股價即下跌逾5%。
Instacart周二首日上市,其開市價為42美元,較招股價30美元升逾3,但整個交易日股價升幅逐漸收窄,最終收報33.7美元,較招股價高出12.3%。
Needham分析師Bernie McTernan在報告中給予Instacart「持有」評級,指Instacart在疫情期間需求激增之後,增長已放緩,從2019年至2022年,美國網上雜貨銷售額每年增長近60%,但預計至2025年將回落至每年增長12%。
報告又引用消費者調查,指38%消費者不打算下月在網上購買雜貨,主要是因為希望確保購買合適的產品、逛雜貨店的樂趣以及網上購買成本更高。又指Instacart廣告業務已經成熟,現在增長或更溫和,料Instacart廣告收入增長將超過整個美國數位廣告產業,並且增長速度快於交易收入,但目前正處於成長曲線的較平坦部分。
報告顯示,Instacart競爭正加劇, Uber(UBER.US)和DoorDash(DASH.US)亦有投資自己的雜貨平台,亞馬遜(AMZN.US)和Walmart(WMT.US)亦有參戰,競爭不少。
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