Maplebear (NASDAQ:CART) Given New $62.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan raised Maplebear’s price target from $55 to $62 and maintained an “overweight” rating, implying approximately 22.6% upside from the stock’s cited price.
• Analyst sentiment is broadly positive: Maplebear has a consensus “Moderate Buy” rating and an average price target of $54.36, with Cantor Fitzgerald and Oppenheimer also recently lifting their targets.
• Maplebear reported quarterly revenue of $1.04 billion, ahead of estimates and up 14% year over year, but EPS of $0.45 missed the $0.54 consensus estimate. Shares traded at $50.57, near their 52-week high.

Maplebear (NASDAQ:CART - Get Free Report) had its target price increased by investment analysts at JPMorgan Chase & Co. from $55.00 to $62.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 22.60% from the stock's current price.

Several other equities research analysts have also recently commented on CART. Cantor Fitzgerald lifted their price target on shares of Maplebear from $56.00 to $63.00 and gave the stock an "overweight" rating in a research report on Friday. Wedbush initiated coverage on shares of Maplebear in a research note on Thursday, July 16th. They issued an "outperform" rating and a $59.00 price target on the stock. Oppenheimer raised their price target on Maplebear from $60.00 to $65.00 and gave the company an "outperform" rating in a research note on Friday. Weiss Ratings raised shares of Maplebear from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, May 11th. Finally, Raymond James Financial upgraded shares of Maplebear from a "hold" rating to a "moderate buy" rating in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $54.36.

Maplebear Price Performance

Shares of NASDAQ CART traded up $5.54 during mid-day trading on Friday, reaching $50.57. 6,587,665 shares of the company traded hands, compared to its average volume of 4,511,136. Maplebear has a fifty-two week low of $32.73 and a fifty-two week high of $53.50. The firm has a market cap of $11.89 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 0.62 and a beta of 0.78. The stock has a fifty day simple moving average of $44.77 and a 200-day simple moving average of $40.82.

Maplebear (NASDAQ:CART - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.09). Maplebear had a return on equity of 18.67% and a net margin of 12.50%.The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm earned $0.41 EPS. The business's revenue for the quarter was up 14.1% on a year-over-year basis. As a group, analysts predict that Maplebear will post 2.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other Maplebear news, Director Ravi Gupta sold 181,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $41.51, for a total transaction of $7,513,310.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 24.00% of the stock is owned by corporate insiders.

Institutional Trading of Maplebear

A number of institutional investors and hedge funds have recently made changes to their positions in CART. Allworth Financial LP grew its stake in shares of Maplebear by 35.7% in the 3rd quarter. Allworth Financial LP now owns 928 shares of the company's stock worth $34,000 after acquiring an additional 244 shares in the last quarter. Smartleaf Asset Management LLC boosted 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 valued at $134,000 after buying an additional 261 shares during the period. Rafferty Asset Management LLC raised its stake in Maplebear by 2.5% in the second quarter. Rafferty Asset Management LLC now owns 11,000 shares of the company's stock worth $498,000 after buying an additional 273 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in Maplebear by 5.0% during the third quarter. Crossmark Global Holdings Inc. now owns 6,423 shares of the company's stock worth $236,000 after acquiring an additional 304 shares in the last quarter. Finally, Aviva PLC boosted its stake in Maplebear by 3.9% in the 4th quarter. Aviva PLC now owns 11,279 shares of the company's stock worth $507,000 after purchasing an additional 424 shares in the last quarter. Institutional investors own 63.09% of the company's stock.

Key Maplebear News

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: Revenue, GTV and profitability grew: Second-quarter gross transaction value and revenue each increased 14% year over year. Revenue reached $1.04 billion, slightly above the $1.03 billion analyst consensus, while adjusted EBITDA rose 19% to $313 million and GAAP net income totaled $111 million. Instacart Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Constructive outlook supported the rally: Management raised its third-quarter outlook above Wall Street expectations, pointing to continued demand for online grocery services and ongoing momentum in the core business. Instacart's core business delivers double-digit GTV, revenue growth, EPS misses
• Positive Sentiment: Analysts became more bullish: Oppenheimer raised its price target to $65 and kept an outperform rating; Needham and Cantor Fitzgerald each lifted targets to $63 with buy or overweight ratings. BNP Paribas Exane upgraded CART from underperform to neutral with a $56 target. Analyst price-target updates
• Positive Sentiment: Lower delivery markups could expand adoption: More retailers are offering Instacart delivery without item-price markups, a strategy management says can attract cost-conscious shoppers and accelerate online grocery usage. Instacart Retailers Cut Grocery Delivery Markups to Capture Cash-Strapped Shoppers
• Neutral Sentiment: Wells Fargo raised its target but retained an equal-weight rating: The firm increased its price target to $54, implying limited upside relative to recent trading levels. Wells Fargo Maplebear price-target update
• Negative Sentiment: Quarterly EPS missed expectations: Maplebear reported earnings of $0.45 per share, below estimates ranging from $0.54 to $0.55, despite improving from $0.41 a year earlier. The miss may limit gains and keeps attention on the company’s ability to convert strong transaction growth into earnings. Maplebear Misses Q2 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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