Barclays Issues Positive Forecast for Maplebear (NASDAQ:CART) Stock Price

Key Points

• Barclays raised its price target on Maplebear (NASDAQ:CART) to $69 from $65 and kept an "overweight" rating, implying roughly a 79.8% upside from current levels.
• Maplebear reported Q1 revenue of $1.02 billion (up 13.6% YoY) and EPS of $0.57 in line with estimates, with management raising near‑term GTV guidance and the company securing a $500 million unsecured revolving credit facility to boost liquidity.
• Insiders have sold a total of 144,863 shares (~$5.42 million) in the last 90 days while still owning 24% of the company, and analysts maintain a consensus rating of "Moderate Buy" with an average target of $51.39.

Maplebear (NASDAQ:CART - Get Free Report) had its price objective upped by analysts at Barclays from $65.00 to $69.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price objective suggests a potential upside of 79.82% from the stock's current price.

Other research analysts have also recently issued research reports about the company. Stifel Nicolaus decreased their target price on Maplebear from $49.00 to $46.00 and set a "buy" rating for the company in a research note on Tuesday, January 27th. Wells Fargo & Company raised their target price on Maplebear from $45.00 to $47.00 and gave the company an "equal weight" rating in a research note on Thursday. Cantor Fitzgerald raised their target price on Maplebear from $45.00 to $54.00 and gave the company an "overweight" rating in a research note on Thursday, January 8th. Raymond James Financial raised Maplebear from a "hold" rating to a "moderate buy" rating in a research note on Thursday, April 9th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 target price on shares of Maplebear in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $51.39.

Maplebear Stock Performance

Shares of NASDAQ:CART traded down $1.79 on Thursday, hitting $38.37. The company's stock had a trading volume of 2,576,763 shares, compared to its average volume of 4,735,704. Maplebear has a 12 month low of $32.73 and a 12 month high of $53.50. The company has a market capitalization of $9.08 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 0.67 and a beta of 0.96. The stock's 50-day moving average is $39.22 and its two-hundred day moving average is $39.90.

Maplebear (NASDAQ:CART - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. Maplebear had a return on equity of 16.28% and a net margin of 11.89%.The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the prior year, the business posted $0.37 earnings per share. The company's revenue for the quarter was up 13.6% compared to the same quarter last year. Equities analysts expect that Maplebear will post 2.4 earnings per share for the current fiscal year.

Insider Transactions at Maplebear

In other Maplebear news, CAO Lisa Blackwood-Kapral sold 9,390 shares of the firm's stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $40.25, for a total transaction of $377,947.50. Following the completion of the sale, the chief accounting officer directly owned 58,971 shares in the company, valued at approximately $2,373,582.75. This trade represents a 13.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Morgan Fong sold 126,083 shares of the firm's stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $37.09, for a total value of $4,676,418.47. Following the sale, the general counsel owned 386,643 shares of the company's stock, valued at $14,340,588.87. The trade was a 24.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 144,863 shares of company stock valued at $5,418,135 over the last 90 days. Corporate insiders own 24.00% of the company's stock.

Institutional Investors Weigh In On Maplebear

Hedge funds and other institutional investors have recently made changes to their positions in the company. PenderFund Capital Management Ltd. purchased a new stake in shares of Maplebear during the 4th quarter worth about $27,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Maplebear during the 1st quarter worth about $25,000. Hantz Financial Services Inc. raised its stake in shares of Maplebear by 78.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 884 shares of the company's stock worth $32,000 after purchasing an additional 389 shares in the last quarter. Allworth Financial LP raised its stake in shares of Maplebear by 35.7% during the 3rd quarter. Allworth Financial LP now owns 928 shares of the company's stock worth $34,000 after purchasing an additional 244 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Maplebear by 761.3% during the 4th quarter. IFP Advisors Inc now owns 956 shares of the company's stock worth $43,000 after purchasing an additional 845 shares in the last quarter. 63.09% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Maplebear

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: Needham reaffirmed a "buy" rating and set a $55 price target (~42% upside vs. current levels), giving a visible analyst catalyst that could support the stock if sentiment improves. Needham Reaffirm Buy
• Positive Sentiment: Company reported Q1 revenue of ~$1.02B (up 13.6% YoY) and EPS of $0.57, roughly meeting consensus; management highlighted strong demand and raised near‑term GTV expectations, which supports growth and margin outlook. Press Release / Slide Deck
• Positive Sentiment: Instacart highlighted continued GTV and revenue growth (GTV +13% YoY; >$10B milestone) and guided Q2 GTV above Street expectations — a demand beat that can underpin forward estimates. Q1 Results PR
• Positive Sentiment: Maplebear secured a $500M unsecured revolving credit facility, boosting liquidity and optionality for growth or buybacks — a balance‑sheet positive. Revolving Credit Facility
• Neutral Sentiment: Earnings call transcript provides management color on execution and product road map — useful for investors digging into metric details and guide assumptions. Earnings Call Transcript
• Neutral Sentiment: Coverage piece reviewing Maplebear alongside peers may influence sentiment but contains no new company‑specific disclosures. Peer Review
• Positive Sentiment: Product/AI development: Instacart is commercializing its decade of grocery data into a "personal shopper" AI (meal planning, basket building, forget detection) that could boost order value and retention over time. AI Personal Shopper
• Negative Sentiment: Zacks flagged a $0.01 EPS miss versus its consensus ($0.57 vs $0.58), which can be used by short‑term traders as a reason to sell into the print despite overall revenue strength. Zacks EPS Note

Maplebear Company Profile

Maplebear, Inc, doing business as Instacart, operates a leading online grocery and essentials marketplace that connects consumers, retail partners and personal shoppers through its digital platform. The company enables customers to order groceries, household items and specialty products for same-day or scheduled delivery, as well as in-store pickup. By integrating its technology with retailers' existing inventory and point-of-sale systems, Maplebear streamlines the shopping experience and provides real-time availability and pricing.

Founded in 2012 and headquartered in San Francisco, Maplebear has grown from a regional startup to a publicly traded company listed on NASDAQ under the ticker CART.

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