Maplebear (NASDAQ:CART) Shares Gap Up Following Analyst Upgrade

Maplebear Inc. (NASDAQ:CART) shares gapped up before the market opened on Friday after Needham & Company LLC raised their price target on the stock from $55.00 to $63.00. The stock had previously closed at $45.03, but opened at $50.00. Needham & Company LLC currently has a buy rating on the stock. Maplebear shares last traded at $49.6440, with a volume of 2,214,085 shares traded.

Several other equities analysts have also issued reports on CART. Guggenheim increased their target price on Maplebear from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Weiss Ratings raised shares of Maplebear from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Wells Fargo & Company lifted their price objective on shares of Maplebear from $45.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Citizens Jmp reaffirmed a “market outperform” rating and set a $60.00 target price on shares of Maplebear in a research note on Monday, June 15th. Finally, Barclays increased their target price on shares of Maplebear from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Maplebear currently has an average rating of “Moderate Buy” and a consensus target price of $53.19.

Insiders Place Their Bets

In other Maplebear news, Director Ravi Gupta sold 181,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was 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 in the company, valued at $30,780,619.73. This represents a 19.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 24.00% of the stock is currently owned by company insiders.

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.

Institutional Trading of Maplebear

Large investors have recently made changes to their positions in the company. US Bancorp DE boosted its holdings in shares of Maplebear by 17.0% in the 4th quarter. US Bancorp DE now owns 437,658 shares of the company’s stock valued at $19,686,000 after buying an additional 63,666 shares in the last quarter. Ruffer LLP acquired a new stake in Maplebear during the 4th quarter worth $2,567,000. CWM LLC raised its stake in Maplebear by 1,741.4% during the 4th quarter. CWM LLC now owns 30,088 shares of the company’s stock worth $1,353,000 after acquiring an additional 28,454 shares in the last quarter. Horizon Investments LLC lifted its position in Maplebear by 263,556.8% in the fourth quarter. Horizon Investments LLC now owns 116,009 shares of the company’s stock valued at $5,218,000 after acquiring an additional 115,965 shares during the last quarter. Finally, Carnegie Investment Counsel lifted its position in Maplebear by 2.7% in the fourth quarter. Carnegie Investment Counsel now owns 557,350 shares of the company’s stock valued at $25,070,000 after acquiring an additional 14,414 shares during the last quarter. 63.09% of the stock is currently owned by hedge funds and other institutional investors.

Maplebear Price Performance

The company has a market cap of $11.86 billion, a price-to-earnings ratio of 28.12, a P/E/G ratio of 0.62 and a beta of 0.78. The firm’s 50 day simple moving average is $44.77 and its 200-day simple moving average is $40.82.

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

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.