Maplebear (NASDAQ:CART) Price Target Raised to $77.00 at Barclays

Maplebear (NASDAQ:CART) had its price target hoisted by investment analysts at Barclays from $69.00 to $77.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 53.52% from the stock’s previous close.

CART has been the subject of a number of other research reports. Oppenheimer upped their price objective on Maplebear from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday. Wells Fargo & Company lifted their target price on Maplebear from $47.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Friday. BNP Paribas Exane raised shares of Maplebear from an “underperform” rating to a “neutral” rating and set a $56.00 price target on the stock in a report on Friday. Weiss Ratings upgraded shares of Maplebear from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Maplebear from $55.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.27.

Maplebear Stock Performance

Shares of Maplebear stock traded up $5.13 during mid-day trading on Friday, hitting $50.16. 9,132,629 shares of the stock were exchanged, compared to its average volume of 4,528,123. Maplebear has a 12 month low of $32.73 and a 12 month high of $53.50. The company has a 50-day simple moving average of $44.77 and a 200 day simple moving average of $40.82. The company has a market capitalization of $11.79 billion, a P/E ratio of 28.08, a P/E/G ratio of 0.62 and a beta of 0.78.

Maplebear (NASDAQ:CART) last released its earnings results on Thursday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.09). The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Maplebear had a net margin of 12.50% and a return on equity of 18.67%. The business’s revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 earnings per share. Analysts predict that Maplebear will post 2.47 EPS for the current year.

Insiders Place Their Bets

In related news, Director Ravi Gupta sold 181,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $41.51, for a total value of $7,513,310.00. Following the sale, the director directly owned 741,523 shares in the company, valued at approximately $30,780,619.73. The trade was a 19.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 24.00% of the company’s stock.

Hedge Funds Weigh In On Maplebear

Several large investors have recently modified their holdings of CART. BlackRock Inc. purchased a new position in Maplebear during the 2nd quarter valued at about $750,477,000. Viking Global Investors LP purchased a new stake in shares of Maplebear in the second quarter worth about $169,782,000. Marshall Wace LLP bought a new position in shares of Maplebear in the fourth quarter valued at approximately $126,206,000. Norges Bank bought a new position in shares of Maplebear in the fourth quarter valued at approximately $97,221,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Maplebear by 114.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,792,673 shares of the company’s stock valued at $170,594,000 after acquiring an additional 2,026,567 shares during the period. Hedge funds and other 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: Several firms raised their price targets and maintained or initiated bullish ratings. Oppenheimer lifted its target to $65 with an “outperform” rating, while Benchmark, Needham and Cantor Fitzgerald raised targets to $63 with “buy” or “overweight” ratings. JPMorgan also raised its target to $62 and kept an “overweight” rating. These targets imply meaningful upside from recent trading levels. Benzinga analyst updates
• Positive Sentiment: BNP Paribas Exane upgraded Maplebear from “underperform” to “neutral” and assigned a $56 target, signaling a less negative view of the stock. BNP Paribas Exane upgrade
• Positive Sentiment: Second-quarter revenue reached $1.04 billion, beating expectations of approximately $1.03 billion, while GTV and revenue both grew 14% year over year. Adjusted EBITDA increased 19% to $313 million, and management issued a third-quarter outlook above analyst estimates, supporting the case for sustained demand. Instacart second-quarter results
• Neutral Sentiment: Wells Fargo raised its price target to $54 but retained an “equal weight” rating. Guggenheim also increased its target, to $46, while maintaining a “neutral” view, indicating that some analysts believe much of the near-term upside is already reflected in the stock. Wells Fargo and Guggenheim updates
• Neutral Sentiment: Instacart is emphasizing affordability, including no-markup grocery delivery, along with artificial intelligence and enterprise expansion. These initiatives could increase adoption and platform usage but may also affect retailer economics and margins. Instacart affordability strategy
• Negative Sentiment: Adjusted earnings of $0.45 per share missed consensus estimates ranging from $0.54 to $0.55, despite improving from $0.41 a year earlier. The shortfall could limit gains if investors become concerned about profitability or rising costs. Maplebear earnings miss

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.