Wedbush Has Bearish Estimate for Maplebear FY2026 Earnings

Key Points

• Wedbush has downgraded Maplebear's FY2026 earnings per share forecast to $1.85, down from $1.97, maintaining an "Underperform" rating with a target price of $42.00.
• Other analysts have varied opinions, with Jefferies raising their price target from $50.00 to $55.00 and Benchmark upgrading their rating to "buy" with a target of $67.00.
• Maplebear's stock performance shows a 52-week high of $53.50 and a current market cap of $11.43 billion, indicating strong market interest despite mixed analyst forecasts.

Maplebear Inc. (NASDAQ:CART - Free Report) - Investment analysts at Wedbush lowered their FY2026 EPS estimates for shares of Maplebear in a research note issued on Thursday, August 21st. Wedbush analyst S. Devitt now forecasts that the company will earn $1.85 per share for the year, down from their prior forecast of $1.97. Wedbush has a "Underperform" rating and a $42.00 price objective on the stock. The consensus estimate for Maplebear's current full-year earnings is $1.43 per share.

CART has been the subject of a number of other research reports. Jefferies Financial Group increased their price objective on shares of Maplebear from $50.00 to $55.00 and gave the company a "hold" rating in a research note on Monday, August 11th. Benchmark upgraded shares of Maplebear from a "hold" rating to a "buy" rating and set a $67.00 price objective for the company in a research note on Friday, August 8th. Bank of America increased their price objective on shares of Maplebear from $53.00 to $58.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Stifel Nicolaus increased their price objective on shares of Maplebear from $55.00 to $64.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Loop Capital increased their price objective on shares of Maplebear from $52.00 to $58.00 and gave the company a "buy" rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $55.63.

Maplebear Stock Performance

Shares of CART stock opened at $43.37 on Monday. Maplebear has a 52-week low of $33.17 and a 52-week high of $53.50. The stock has a market cap of $11.43 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 1.45 and a beta of 1.21. The firm has a fifty day moving average of $46.88 and a 200-day moving average of $44.57.

Maplebear (NASDAQ:CART - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.02. Maplebear had a net margin of 13.76% and a return on equity of 15.69%. The company had revenue of $914.00 million during the quarter, compared to analysts' expectations of $896.55 million. During the same quarter in the prior year, the company posted $0.20 EPS. The business's revenue was up 11.1% on a year-over-year basis.

Insider Activity

In related news, insider Grosvenor L.P. Gcm sold 4,864,272 shares of Maplebear stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $47.75, for a total transaction of $232,268,988.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel Danker sold 10,037 shares of Maplebear stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $48.82, for a total transaction of $490,006.34. Following the transaction, the insider directly owned 470,190 shares of the company's stock, valued at $22,954,675.80. This represents a 2.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,975,327 shares of company stock worth $237,736,848 over the last ninety days. Corporate insiders own 26.00% of the company's stock.

Institutional Investors Weigh In On Maplebear

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stance Capital LLC acquired a new stake in Maplebear in the 2nd quarter valued at about $1,342,000. State of Wyoming increased its position in Maplebear by 5.5% in the 2nd quarter. State of Wyoming now owns 10,059 shares of the company's stock valued at $455,000 after acquiring an additional 525 shares in the last quarter. Capital Impact Advisors LLC acquired a new stake in Maplebear in the 2nd quarter valued at about $7,020,000. Nomura Holdings Inc. increased its position in Maplebear by 46.2% in the 2nd quarter. Nomura Holdings Inc. now owns 10,108 shares of the company's stock valued at $457,000 after acquiring an additional 3,192 shares in the last quarter. Finally, Caxton Associates LLP acquired a new stake in Maplebear in the 2nd quarter valued at about $7,420,000. Institutional investors and hedge funds own 63.09% of the company's stock.

Maplebear Company Profile

Maplebear Inc, doing business as Instacart, engages in the provision of online grocery shopping services to households in North America. It sells and delivers grocery products, as well as pickup services through a mobile application and website. It also operates virtual convenience stores; and provides software-as-a-service solutions to retailers.

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