Maplebear (CART) Stock Forecast & Price Target

$34.32

+0.23 (+0.67%)

(As of 07/26/2024 ET)

Maplebear - Analysts' Recommendations 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.

Consensus Rating

Moderate Buy
Based on 24 Analyst Ratings

Based on 24 Wall Street analysts who have issued ratings for Maplebear in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 24 analysts, 11 have given a hold rating, and 13 have given a buy rating for CART.

Consensus Price Target

$41.60
21.21% Upside

High Forecast	$49.00
Average Forecast	$41.60
Low Forecast	$26.00

According to the 24 analysts' twelve-month price targets for Maplebear, the average price target is $41.60. The highest price target for CART is $49.00, while the lowest price target for CART is $26.00. The average price target represents a forecasted upside of 21.21% from the current price of $34.32.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
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)	14 Buy rating(s)	13 Buy rating(s)	N/A
Hold	11 Hold rating(s)	9 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	$41.60	$41.25	$38.16	N/A
Forecasted Upside	21.21% Upside	21.19% Upside	26.46% Upside	N/A

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CART Analyst Recommendations 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.

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.

Maplebear Stock vs. The Competition

Type	Maplebear	Business Services Companies	S&P 500
Consensus Rating Score	2.54	2.64	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	21.21% Upside	127.95% Upside	9.18% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/26/2024	Macquarie 2 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$44.00 ➝ $44.00	+27.80%
7/23/2024	Morgan Stanley 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$43.00 ➝ $45.00	+27.01%
7/16/2024	Wolfe Research 3 of 5 stars	S. Khajuria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
7/11/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sector Weight
6/5/2024	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$37.00 ➝ $45.00	+49.35%
5/16/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$46.00 ➝ $49.00	+44.97%
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5/9/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$42.00 ➝ $44.00	+21.82%
5/9/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Outperform ➝ Market Outperform	$35.00 ➝ $42.00	+16.28%
5/9/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$41.00 ➝ $43.00	+16.44%
5/9/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$26.00 ➝ $36.00	-4.10%
5/9/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$44.00 ➝ $45.00	+23.86%
5/9/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$45.00 ➝ $47.00	+25.40%
5/7/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
5/7/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
4/29/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$36.00 ➝ $48.00	+38.37%
4/11/2024	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$36.00 ➝ $37.00	-3.62%
4/1/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$31.00 ➝ $44.00	+18.34%
4/1/2024	Fox Advisors Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight
3/25/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$35.00 ➝ $45.00	+19.94%
3/14/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$30.00 ➝ $43.00	+21.64%
12/27/2023	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$30.00 ➝ $26.00	+7.48%
10/16/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$48.00	+87.72%
10/16/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$30.00	+17.32%
9/22/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:36 AM ET.

CART Forecast - Frequently Asked Questions

What is Maplebear's forecast for 2024?: According to the research reports of 24 Wall Street equities research analysts, the average twelve-month stock price forecast for Maplebear is $41.60, with a high forecast of $49.00 and a low forecast of $26.00.
Should I buy or sell Maplebear stock right now?: 24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Maplebear in the last year. There are currently 11 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CART shares.
Does Maplebear's stock price have much upside?: According to analysts, Maplebear's stock has a predicted upside of 23.08% based on their 12-month stock forecasts.
Has Maplebear been upgraded by Wall Street analysts recently?: Over the previous 90 days, Maplebear's stock had 1 upgrade by analysts.
What analysts cover Maplebear?: Maplebear has been rated by research analysts at Barclays, Benchmark, BMO Capital Markets, Citigroup, Gordon Haskett, JMP Securities, KeyCorp, Loop Capital, Macquarie, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Stifel Nicolaus, and Wolfe Research in the past 90 days.
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 2.54 while the average consensus rating score for "business services" companies is 2.64. Learn more on how CART compares to other companies.