Weekly Analysts’ Ratings Updates for Maplebear (CART)

Several brokerages have updated their recommendations and price targets on shares of Maplebear (NASDAQ: CART) in the last few weeks:

• 3/6/2025 – Maplebear had its price target lowered by analysts at Loop Capital from $56.00 to $52.00. They now have a “buy” rating on the stock.
• 2/27/2025 – Maplebear had its price target raised by analysts at Macquarie from $52.00 to $55.00. They now have an “outperform” rating on the stock.
• 2/26/2025 – Maplebear had its price target lowered by analysts at JPMorgan Chase & Co. from $52.00 to $50.00. They now have an “overweight” rating on the stock.
• 2/26/2025 – Maplebear had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $55.00 price target on the stock.
• 2/26/2025 – Maplebear had its price target raised by analysts at Barclays PLC from $56.00 to $58.00. They now have an “overweight” rating on the stock.
• 2/26/2025 – Maplebear had its price target lowered by analysts at Mizuho from $55.00 to $52.00. They now have an “outperform” rating on the stock.
• 2/26/2025 – Maplebear had its price target lowered by analysts at Oppenheimer Holdings Inc. from $65.00 to $60.00. They now have an “outperform” rating on the stock.
• 2/26/2025 – Maplebear had its price target lowered by analysts at Wedbush from $48.00 to $46.00. They now have a “neutral” rating on the stock.
• 2/26/2025 – Maplebear had its price target raised by analysts at BMO Capital Markets from $48.00 to $49.00. They now have a “market perform” rating on the stock.
• 2/26/2025 – Maplebear had its “hold” rating reaffirmed by analysts at Benchmark Co..
• 2/26/2025 – Maplebear had its price target raised by analysts at Morgan Stanley from $44.00 to $45.00. They now have an “equal weight” rating on the stock.
• 2/26/2025 – Maplebear had its price target raised by analysts at Stifel Nicolaus from $56.00 to $57.00. They now have a “buy” rating on the stock.
• 2/26/2025 – Maplebear had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $56.00 price target on the stock.
• 2/25/2025 – Maplebear had its price target raised by analysts at Bank of America Co. from $51.00 to $53.00. They now have a “neutral” rating on the stock.
• 2/12/2025 – Maplebear was upgraded by analysts at Seaport Res Ptn to a “strong-buy” rating.
• 1/14/2025 – Maplebear is now covered by analysts at Mizuho. They set an “outperform” rating and a $55.00 price target on the stock.
• 1/14/2025 – Maplebear was upgraded by analysts at BTIG Research from a “neutral” rating to a “buy” rating. They now have a $58.00 price target on the stock.
• 1/13/2025 – Maplebear was upgraded by analysts at Mizuho to a “strong-buy” rating.
• 1/13/2025 – Maplebear had its price target raised by analysts at Morgan Stanley from $41.00 to $44.00. They now have an “equal weight” rating on the stock.
• 1/13/2025 – Maplebear was upgraded by analysts at Needham & Company LLC from a “hold” rating to a “buy” rating. They now have a $56.00 price target on the stock.

Maplebear Trading Down 1.6 %

Shares of CART stock opened at $38.17 on Thursday. Maplebear Inc. has a 12 month low of $29.84 and a 12 month high of $53.44. The company’s fifty day moving average price is $45.79 and its 200-day moving average price is $43.09. The stock has a market cap of $10.10 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 1.19 and a beta of 1.34.

Maplebear (NASDAQ:CART) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.16. The firm had revenue of $883.00 million during the quarter, compared to analysts’ expectations of $889.98 million. Maplebear had a return on equity of 13.78% and a net margin of 13.37%. On average, sell-side analysts forecast that Maplebear Inc. will post 1.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Fidji Simo sold 20,750 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $43.31, for a total transaction of $898,682.50. Following the completion of the transaction, the chief executive officer now owns 1,662,692 shares in the company, valued at $72,011,190.52. The trade was a 1.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Alan Ramsay sold 2,314 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $46.28, for a total transaction of $107,091.92. Following the completion of the transaction, the chief accounting officer now directly owns 85,421 shares in the company, valued at $3,953,283.88. This represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,061 shares of company stock worth $1,987,318 in the last three months. 36.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Maplebear

A number of hedge funds have recently made changes to their positions in the stock. Entropy Technologies LP purchased a new stake in shares of Maplebear during the third quarter worth about $232,000. Victory Capital Management Inc. boosted its stake in shares of Maplebear by 6.1% during the 3rd quarter. Victory Capital Management Inc. now owns 39,019 shares of the company’s stock worth $1,590,000 after acquiring an additional 2,234 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Maplebear by 5.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,090 shares of the company’s stock valued at $493,000 after acquiring an additional 584 shares during the period. Huntington National Bank purchased a new position in shares of Maplebear in the 3rd quarter valued at about $54,000. Finally, ING Groep NV grew its stake in Maplebear by 119.7% in the 3rd quarter. ING Groep NV now owns 158,600 shares of the company’s stock valued at $6,461,000 after acquiring an additional 86,400 shares during the period. 63.09% of the stock is currently owned by hedge funds and other institutional investors.

Maplebear Inc, doing business as Instacart, engages in the provision of online grocery shopping services to households in North America. It sells and delivers grocery products, as well as pickup services through a mobile application and website. It also operates virtual convenience stores; and provides software-as-a-service solutions to retailers.