Maplebear (NASDAQ:CART) Price Target Raised to $63.00 at Benchmark

Key Points

• Benchmark raised Maplebear’s price target to $63 from $55 and maintained a “buy” rating, implying 26.79% upside from the prior close.
• Analyst sentiment is broadly positive: Maplebear has a consensus “Moderate Buy” rating and an average price target of $54.91, with other firms also recently raising targets.
• Shares rose 10.3% to $49.69 after quarterly revenue increased 14% year over year to $1.04 billion, although earnings of $0.45 per share missed the $0.54 consensus estimate.

Maplebear (NASDAQ:CART - Get Free Report) had its price objective raised by Benchmark from $55.00 to $63.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Benchmark's target price points to a potential upside of 26.79% from the stock's previous close.

A number of other equities analysts also recently weighed in on the stock. Raymond James Financial raised shares of Maplebear from a "hold" rating to a "moderate buy" rating in a research note on Thursday, April 9th. Weiss Ratings upgraded shares of Maplebear from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, May 11th. Barclays increased their price objective on Maplebear from $65.00 to $69.00 and gave the company an "overweight" rating in a research report on Thursday, May 7th. Oppenheimer boosted their target price on Maplebear from $60.00 to $65.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Wall Street Zen upgraded Maplebear from a "hold" rating to a "buy" rating in a report on Saturday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.91.

Maplebear Stock Up 10.3%

CART traded up $4.66 during trading on Friday, hitting $49.69. The company's stock had a trading volume of 8,172,061 shares, compared to its average volume of 4,521,882. The firm's 50 day moving average price is $44.77 and its two-hundred day moving average price is $40.82. Maplebear has a 12 month low of $32.73 and a 12 month high of $53.50. The stock has a market capitalization of $11.68 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 0.62 and a beta of 0.78.

Maplebear (NASDAQ:CART - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.45 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 for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company posted $0.41 EPS. Maplebear's revenue for the quarter was up 14.1% on a year-over-year basis. On average, sell-side analysts forecast that Maplebear will post 2.47 earnings per share for the current year.

Insider Activity at Maplebear

In related news, Director Ravi Gupta sold 181,000 shares of Maplebear 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 completion of the sale, the director directly owned 741,523 shares of the company's stock, valued at $30,780,619.73. The trade was a 19.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 24.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Maplebear

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. bought a new stake in shares of Maplebear in the 1st quarter valued at about $25,000. PenderFund Capital Management Ltd. bought a new position in Maplebear during the 4th quarter worth approximately $27,000. Allworth Financial LP grew its holdings in Maplebear by 35.7% during the third 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 period. IFP Advisors Inc grew its holdings in Maplebear by 761.3% during the fourth quarter. IFP Advisors Inc now owns 956 shares of the company's stock valued at $43,000 after purchasing an additional 845 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in Maplebear by 212.7% in the third quarter. Sunbelt Securities Inc. now owns 1,157 shares of the company's stock valued at $43,000 after purchasing an additional 787 shares in the last quarter. Institutional investors own 63.09% of the company's stock.

Key Headlines Impacting Maplebear

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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