Maplebear Inc. (NASDAQ:CART) Receives $34.38 Average Price Target from Brokerages

Maplebear Inc. (NASDAQ:CARTGet Free Report) has been given an average rating of “Moderate Buy” by the twenty ratings firms that are presently covering the company, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $34.00.

A number of research firms have recently weighed in on CART. Robert W. Baird began coverage on Maplebear in a research report on Monday, October 16th. They set an “outperform” rating and a $31.00 target price for the company. JMP Securities upped their price objective on shares of Maplebear from $33.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 9th. Stifel Nicolaus initiated coverage on shares of Maplebear in a report on Monday, October 16th. They set a “buy” rating and a $48.00 price target for the company. Moffett Nathanson initiated coverage on shares of Maplebear in a report on Monday, October 23rd. They set a “market perform” rating and a $30.00 price target for the company. Finally, Benchmark cut Maplebear from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd.

Get Our Latest Analysis on Maplebear

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Signaturefd LLC bought a new position in Maplebear during the 3rd quarter worth $30,000. UBS Group AG bought a new position in shares of Maplebear during the third quarter worth about $56,000. California State Teachers Retirement System bought a new position in shares of Maplebear in the 3rd quarter worth about $74,000. Legal & General Group Plc bought a new stake in Maplebear in the third quarter worth approximately $74,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Maplebear in the 4th quarter valued at $110,000.

Maplebear Price Performance

CART opened at $25.46 on Wednesday. The stock’s fifty day moving average price is $24.40. Maplebear has a fifty-two week low of $22.13 and a fifty-two week high of $42.95.

Maplebear (NASDAQ:CARTGet Free Report) last posted its quarterly earnings data on Wednesday, November 8th. The company reported ($20.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($17.33) by ($3.53). The business had revenue of $764.00 million for the quarter, compared to analysts’ expectations of $735.65 million. On average, sell-side analysts predict that Maplebear will post -14.46 EPS for the current year.

Maplebear Company Profile

(Get Free Report

Maplebear Inc, doing business as Instacart, provides online grocery shopping services to households in North America. It sells and delivers a range of products, such as food, alcohol, consumer health, pet care, ready-made meals, and others. The company offers its services through a mobile application and website.

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Analyst Recommendations for Maplebear (NASDAQ:CART)

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