Maplebear (NASDAQ:CART) Downgraded to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Maplebear (CART) from “buy” to “hold,” despite broader analyst sentiment remaining positive. The stock has a “Moderate Buy” consensus rating, with an average price target of $55.14.
• Maplebear reported quarterly revenue of $1.04 billion, surpassing estimates and rising 14% year over year, but earnings per share of $0.45 missed the $0.54 consensus forecast.
• CART shares opened at $50.17 and were reported to be up 11.4%, near their 12-month high of $53.50. Director Ravi Gupta also sold 181,000 shares for approximately $7.5 million.

Maplebear (NASDAQ:CART - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Several other analysts have also commented on CART. BNP Paribas Exane raised shares of Maplebear from an "underperform" rating to a "neutral" rating and set a $56.00 price target on the stock in a research report on Friday. JPMorgan Chase & Co. increased their price objective on Maplebear from $55.00 to $62.00 and gave the stock an "overweight" rating in a research report on Friday. Oppenheimer raised their target price on Maplebear from $60.00 to $65.00 and gave the stock an "outperform" rating in a research note on Friday. Guggenheim upped their price target on Maplebear from $44.00 to $46.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Cantor Fitzgerald increased their price target on Maplebear from $56.00 to $63.00 and gave the stock an "overweight" rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $55.14.

Maplebear Trading Up 11.4%

Maplebear stock opened at $50.17 on Friday. Maplebear has a 12-month low of $32.73 and a 12-month high of $53.50. The stock has a market cap of $11.79 billion, a P/E ratio of 27.42, a PEG ratio of 0.61 and a beta of 0.78. The company has a 50-day moving average price of $44.97 and a 200 day moving average price of $40.89.

Maplebear (NASDAQ:CART - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.09). Maplebear had a net margin of 11.97% and a return on equity of 19.34%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The business's revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, analysts forecast that Maplebear will post 2.47 EPS for the current year.

Insider Transactions at Maplebear

In other Maplebear news, Director Ravi Gupta sold 181,000 shares of the company's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $41.51, for a total transaction of $7,513,310.00. Following the transaction, the director directly owned 741,523 shares in the company, valued at $30,780,619.73. This represents a 19.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 24.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Maplebear

Several hedge funds have recently bought and sold shares of the company. Allworth Financial LP raised its position in Maplebear by 35.7% in the 3rd quarter. Allworth Financial LP now owns 928 shares of the company's stock valued at $34,000 after purchasing an additional 244 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Maplebear by 9.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,978 shares of the company's stock worth $134,000 after purchasing an additional 261 shares during the last quarter. Rafferty Asset Management LLC grew its position in Maplebear by 2.5% during the 2nd quarter. Rafferty Asset Management LLC now owns 11,000 shares of the company's stock worth $498,000 after purchasing an additional 273 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in Maplebear by 5.0% in the third quarter. Crossmark Global Holdings Inc. now owns 6,423 shares of the company's stock valued at $236,000 after purchasing an additional 304 shares during the period. Finally, Aviva PLC raised its holdings in shares of Maplebear by 3.9% in the fourth quarter. Aviva PLC now owns 11,279 shares of the company's stock valued at $507,000 after buying an additional 424 shares during the last quarter. Institutional investors and hedge funds own 63.09% of the company's stock.

Trending Headlines about Maplebear

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: Analyst sentiment improved significantly. Barclays raised its price target from $69 to $77 and maintained an “overweight” rating. JPMorgan, Oppenheimer, Cantor Fitzgerald, Benchmark and Needham also increased their targets, generally citing growth prospects and assigning bullish ratings. Analyst price-target updates
• Positive Sentiment: Second-quarter revenue and platform activity exceeded expectations. Maplebear reported revenue of $1.04 billion, above the $1.03 billion consensus estimate, while gross transaction value and revenue each grew 14% year over year. Adjusted EBITDA rose 19% to $313 million, and GAAP net income reached $111 million. Instacart second-quarter 2026 results
• Positive Sentiment: Management’s outlook supported the bullish case. The company raised its third-quarter revenue outlook above Wall Street expectations, suggesting continued demand for online grocery services. Advertising growth, artificial-intelligence initiatives and expansion with enterprise customers also provided additional growth drivers. CART second-quarter earnings analysis
• Neutral Sentiment: Retailer pricing changes could expand adoption but affect economics. More retailers are offering grocery delivery through Instacart without item markups to appeal to cost-conscious shoppers. The strategy may increase order volume and online grocery penetration, although lower markups could pressure transaction economics. Retailers cut grocery delivery markups
• Negative Sentiment: The earnings miss remains a risk. Adjusted earnings were $0.45 per share, below estimates ranging from $0.54 to $0.55, though earnings increased from $0.41 a year earlier. Guggenheim kept a “neutral” rating and set a $46 target, implying downside from recent levels. CART misses second-quarter earnings estimates

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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