Maplebear (NASDAQ:CART) Given New $54.00 Price Target at Wells Fargo & Company

Maplebear (NASDAQ:CART) had its price objective hoisted by Wells Fargo & Company from $47.00 to $54.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 6.70% from the stock’s current price.

CART has been the topic of a number of other reports. BNP Paribas Exane upgraded Maplebear from an “underperform” rating to a “neutral” rating and set a $56.00 price target on the stock in a report on Friday. Wall Street Zen upgraded shares of Maplebear from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Oppenheimer lifted their price objective on shares of Maplebear from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday. Wedbush started coverage on shares of Maplebear in a research report on Thursday, July 16th. They set an “outperform” rating and a $59.00 target price for the company. Finally, Guggenheim raised their price target on shares of Maplebear from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Maplebear currently has an average rating of “Moderate Buy” and an average target price of $54.05.

Maplebear Stock Performance

Shares of Maplebear stock traded up $5.58 on Friday, hitting $50.61. The company had a trading volume of 5,621,427 shares, compared to its average volume of 4,501,997. The stock has a 50 day moving average of $44.77 and a 200-day moving average of $40.82. Maplebear has a 1 year low of $32.73 and a 1 year high of $53.50. The stock has a market capitalization of $11.89 billion, a price-to-earnings ratio of 28.28, a P/E/G ratio of 0.62 and a beta of 0.78.

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

Insiders Place Their Bets

In other Maplebear news, Director Ravi Gupta sold 181,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $41.51, for a total transaction of $7,513,310.00. Following the sale, the director owned 741,523 shares of the company’s stock, valued at $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 available through this link. Corporate insiders own 24.00% of the company’s stock.

Institutional Investors Weigh In On Maplebear

Large investors have recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. purchased a new stake in Maplebear during the first quarter valued at about $25,000. PenderFund Capital Management Ltd. bought a new position in Maplebear in the fourth quarter worth about $27,000. Allworth Financial LP grew its position in shares of Maplebear by 35.7% in the 3rd quarter. Allworth Financial LP now owns 928 shares of the company’s stock worth $34,000 after buying an additional 244 shares during the period. IFP Advisors Inc boosted its holdings in Maplebear by 761.3% in the fourth quarter. IFP Advisors Inc now owns 956 shares of the company’s stock worth $43,000 after acquiring an additional 845 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in Maplebear by 212.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,157 shares of the company’s stock valued at $43,000 after purchasing an additional 787 shares during the last quarter. Institutional investors own 63.09% of the company’s stock.

More Maplebear News

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: Analyst targets increased: Needham raised its price target from $55 to $63 and initiated a “buy” rating, while Cantor Fitzgerald also lifted its target from $56 to $63 and maintained an “overweight” rating. BNP Paribas Exane upgraded CART from “underperform” to “neutral” with a $56 target. These actions indicate improving Wall Street sentiment and imply meaningful upside from recent levels. Benzinga analyst rating updates TickerReport BNP Paribas Exane upgrade
• Positive Sentiment: Healthy business growth: Second-quarter gross transaction value and revenue each increased 14% year over year. Adjusted EBITDA rose 19% to $313 million, and revenue of $1.04 billion exceeded Wall Street’s $1.03 billion estimate. Instacart second-quarter 2026 financial results
• Positive Sentiment: Demand outlook remains constructive: Management’s third-quarter outlook was reportedly above analyst expectations, suggesting continued momentum in online grocery demand and supporting the bullish analyst revisions.
• Neutral Sentiment: Profitability was mixed: GAAP net income reached $111 million and revenue growth remained solid, but the company’s $0.45 per-share earnings result was below consensus estimates of approximately $0.54–$0.55. Zacks Maplebear second-quarter earnings report
• Negative Sentiment: EPS miss may limit gains: Earnings increased from $0.41 a year earlier but still fell short of expectations, raising questions about cost control and near-term margin performance despite strong revenue and transaction growth.

Maplebear Company Profile

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.