Maplebear (CART) Stock Forecast & Price Target

$34.44
+1.24 (+3.73%)
(As of 05/17/2024 ET)

Maplebear Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 23 Analyst Ratings

Analysts' Consensus Price Target

$41.05
19.20% Upside
High Forecast$49.00
Average Forecast$41.05
Low Forecast$26.00
TypeCurrent Forecast
5/20/23 to 5/19/24
1 Month Ago
4/20/23 to 4/19/24
3 Months Ago
2/19/23 to 2/19/24
1 Year Ago
5/20/22 to 5/20/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
N/A
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
N/A
Buy
13 Buy rating(s)
13 Buy rating(s)
10 Buy rating(s)
N/A
Hold
10 Hold rating(s)
10 Hold rating(s)
10 Hold rating(s)
N/A
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
N/A
Consensus Price Target$41.05$38.16$34.06N/A
Predicted Upside19.20% Upside26.46% Upside34.44% UpsideN/A
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CART Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CART Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Maplebear Stock vs. The Competition

TypeMaplebearBusiness Services CompaniesS&P 500
Consensus Rating Score
2.57
2.62
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside19.20% Upside151.08% Upside7.86% Upside
News Sentiment RatingNeutral News
Neutral News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/16/2024Loop Capital
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 Boost TargetBuy ➝ Buy$46.00 ➝ $49.00+44.97%
5/9/2024Citigroup
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 Boost TargetBuy ➝ Buy$42.00 ➝ $44.00+21.82%
5/9/2024JMP Securities
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 Boost TargetMarket Outperform ➝ Market Outperform$35.00 ➝ $42.00+16.28%
5/9/2024Barclays
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 Boost TargetOverweight ➝ Overweight$41.00 ➝ $43.00+16.44%
5/9/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$26.00 ➝ $36.00-4.10%
5/9/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$44.00 ➝ $45.00+23.86%
5/9/2024Piper Sandler
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 Reiterated RatingOverweight ➝ Overweight$45.00 ➝ $47.00+25.40%
5/7/2024Needham & Company LLC
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 Reiterated RatingHold
5/7/2024Benchmark
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 Reiterated RatingHold
5/6/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$28.00 ➝ $40.00+8.37%
4/29/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$36.00 ➝ $48.00+38.37%
4/11/2024Moffett Nathanson
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 Reiterated RatingNeutral ➝ Neutral$36.00 ➝ $37.00-3.62%
4/1/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$31.00 ➝ $44.00+18.34%
4/1/2024Fox Advisors
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 DowngradeOverweight ➝ Equal Weight
3/25/2024Macquarie
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 Initiated CoverageOutperform$42.00+10.44%
3/25/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$35.00 ➝ $45.00+19.94%
3/14/2024Sanford C. Bernstein
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 UpgradeMarket Perform ➝ Outperform$30.00 ➝ $43.00+21.64%
3/5/2024Wolfe Research
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 Boost TargetOutperform ➝ Outperform$35.00 ➝ $39.00+18.72%
12/27/2023Wedbush
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 Lower TargetNeutral ➝ Neutral$30.00 ➝ $26.00+7.48%
10/16/2023The Goldman Sachs Group
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 Initiated CoverageBuy$48.00+87.72%
10/16/2023Bank of America
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 Initiated CoverageNeutral$30.00+17.32%
10/2/2023Gordon Haskett
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 Initiated CoverageHold
9/22/2023BTIG Research
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 Initiated CoverageNeutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 01:54 AM ET.

CART Price Target - Frequently Asked Questions

What is Maplebear's consensus rating and price target?

According to the issued ratings of 23 analysts in the last year, the consensus rating for Maplebear stock is Moderate Buy based on the current 10 hold ratings and 13 buy ratings for CART. The average twelve-month price prediction for Maplebear is $41.05 with a high price target of $49.00 and a low price target of $26.00. Learn more on CART's analyst rating history.

Do Wall Street analysts like Maplebear more than its competitors?

Analysts like Maplebear less than other Business Services companies. The consensus rating score for Maplebear is 2.57 while the average consensus rating score for business services companies is 2.62. Learn more on how CART compares to other companies.

Is Maplebear being upgraded or downgraded by Wall Street analysts?

Over the previous 90 days, Maplebear's stock had 1 upgrade and 1 downgrade by analysts.

Does Maplebear's stock price have much upside?

According to analysts, Maplebear's stock has a predicted upside of 19.87% based on their 12-month stock forecasts.


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This page (NASDAQ:CART) was last updated on 5/19/2024 by MarketBeat.com Staff

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