Wells Fargo & Company Has Lowered Expectations for Maplebear (NASDAQ:CART) Stock Price

Maplebear (NASDAQ:CART) had its price target decreased by Wells Fargo & Company from $47.00 to $43.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 18.46% from the stock’s previous close.

CART has been the topic of a number of other reports. BNP Paribas Exane started coverage on Maplebear in a report on Wednesday, January 14th. They issued an “underperform” rating and a $41.00 target price on the stock. Needham & Company LLC upped their price target on Maplebear from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. decreased their price objective on Maplebear from $65.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Maplebear in a research note on Monday, December 29th. Finally, Argus began coverage on shares of Maplebear in a report on Wednesday, January 7th. They issued a “buy” rating and a $52.00 target price for the company. Fifteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $51.38.

Maplebear Trading Up 9.2%

Shares of CART stock opened at $36.30 on Friday. Maplebear has a 12 month low of $32.73 and a 12 month high of $53.50. The stock has a market cap of $9.53 billion, a P/E ratio of 22.83, a P/E/G ratio of 0.94 and a beta of 1.00. The company has a 50 day simple moving average of $41.19 and a two-hundred day simple moving average of $41.81.

Insider Buying and Selling

In other news, General Counsel Morgan Fong sold 4,914 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $45.21, for a total transaction of $222,161.94. Following the completion of the transaction, the general counsel owned 404,940 shares in the company, valued at $18,307,337.40. This trade represents a 1.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 26.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Maplebear

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CART. Viking Global Investors LP bought a new stake in Maplebear in the 2nd quarter worth approximately $169,782,000. William Blair Investment Management LLC purchased a new position in shares of Maplebear in the second quarter valued at $151,364,000. Marshall Wace LLP bought a new stake in Maplebear in the fourth quarter worth $126,206,000. Holocene Advisors LP bought a new stake in Maplebear in the third quarter worth $90,167,000. Finally, Norges Bank purchased a new stake in Maplebear during the fourth quarter valued at $97,221,000. 63.09% of the stock is owned by institutional investors.

Maplebear News Roundup

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: Company outlook and volume trends lifted investor sentiment — management flagged continued GTV and engagement momentum and issued upbeat guidance that helped ease competition concerns, a major reason for the bullish move. Instacart shares soar as upbeat forecast tempers competition fears
• Positive Sentiment: Analyst support: Needham raised its price target to $55 and maintained a Buy, signaling upside for investors who focus on Street revisions. Needham raises price target to $55
• Positive Sentiment: Unusually large call‑option flow — traders bought ~27,162 calls (≈247% above average), indicating bullish speculation or hedging that can amplify intraday upside and liquidity.
• Neutral Sentiment: Revenue growth was solid (revenue ~ $992M, +12% YoY and roughly in line/above estimates) even as profits and EPS showed pressure; mixed fundamental signal that could support longer‑term recovery if margins stabilize. Maplebear Q4 earnings report
• Negative Sentiment: EPS and profitability disappointed: GAAP EPS and net income declined year‑over‑year (EPS missed consensus), highlighting margin pressure despite higher revenue — a near‑term headwind for valuation. Quiver: Stock Rises on Q4 2025 Earnings
• Negative Sentiment: Wells Fargo trimmed its price target (to $43) and moved to an equal‑weight stance, reducing near‑term Street support and contributing to volatility. Wells Fargo lowers price target to $43
• Negative Sentiment: Analyst downgrade(s) pushed the stock to a new 12‑month low in some sessions and insider selling activity noted by data providers may add to negative sentiment for cautious investors. Maplebear Hits New 12-Month Low After Analyst Downgrade

About Maplebear

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.