Maplebear (NASDAQ:CART) Price Target Raised to $62.00

Maplebear (NASDAQ:CART) had its price target raised by investment analysts at JPMorgan Chase & Co. from $55.00 to $62.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 22.60% from the company’s previous close.

Several other equities research analysts have also commented on CART. Oppenheimer boosted their price target on shares of Maplebear from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Friday. Barclays increased their price target on shares of Maplebear from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Needham & Company LLC raised their price target on shares of Maplebear from $55.00 to $63.00 and gave the company a “buy” rating in a report on Friday. Raymond James Financial raised shares of Maplebear from a “hold” rating to a “moderate buy” rating in a research report on Thursday, April 9th. Finally, Cantor Fitzgerald upped their price target on Maplebear from $56.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday. One equities research 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 stock has an average rating of “Moderate Buy” and a consensus target price of $54.36.

Maplebear Trading Up 12.3%

Shares of NASDAQ CART traded up $5.54 during mid-day trading on Friday, reaching $50.57. The company had a trading volume of 6,587,665 shares, compared to its average volume of 4,511,136. The stock has a market cap of $11.89 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 0.62 and a beta of 0.78. The business’s 50-day moving average is $44.77 and its 200-day moving average is $40.82. Maplebear has a 52 week low of $32.73 and a 52 week high of $53.50.

Maplebear (NASDAQ:CART) last announced its quarterly 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). 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 previous year, the firm posted $0.41 EPS. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, equities research analysts forecast that Maplebear will post 2.47 earnings per share for the current year.

Insider Buying and Selling at Maplebear

In other 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 completion of the transaction, 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 filing with the SEC, which is available through the SEC website. Insiders own 24.00% of the company’s stock.

Institutional Trading of Maplebear

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its position in Maplebear by 51.2% in the 1st quarter. Royal Bank of Canada now owns 131,789 shares of the company’s stock worth $5,256,000 after purchasing an additional 44,642 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Maplebear by 71.6% in the 1st quarter. NewEdge Advisors LLC now owns 1,673 shares of the company’s stock valued at $67,000 after purchasing an additional 698 shares during the period. Jones Financial Companies Lllp boosted its holdings in Maplebear by 358.5% during the first quarter. Jones Financial Companies Lllp now owns 3,200 shares of the company’s stock worth $128,000 after buying an additional 2,502 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Maplebear by 17.4% during the first quarter. Goldman Sachs Group Inc. now owns 390,711 shares of the company’s stock worth $15,585,000 after buying an additional 57,879 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in Maplebear during the first quarter valued at $268,000. 63.09% of the stock is owned by institutional investors and hedge funds.

Maplebear News Summary

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: Revenue, GTV and profitability grew: Second-quarter gross transaction value and revenue each increased 14% year over year. Revenue reached $1.04 billion, slightly above the $1.03 billion analyst consensus, while adjusted EBITDA rose 19% to $313 million and GAAP net income totaled $111 million. Instacart Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Constructive outlook supported the rally: Management raised its third-quarter outlook above Wall Street expectations, pointing to continued demand for online grocery services and ongoing momentum in the core business. Instacart’s core business delivers double-digit GTV, revenue growth, EPS misses
• Positive Sentiment: Analysts became more bullish: Oppenheimer raised its price target to $65 and kept an outperform rating; Needham and Cantor Fitzgerald each lifted targets to $63 with buy or overweight ratings. BNP Paribas Exane upgraded CART from underperform to neutral with a $56 target. Analyst price-target updates
• Positive Sentiment: Lower delivery markups could expand adoption: More retailers are offering Instacart delivery without item-price markups, a strategy management says can attract cost-conscious shoppers and accelerate online grocery usage. Instacart Retailers Cut Grocery Delivery Markups to Capture Cash-Strapped Shoppers
• Neutral Sentiment: Wells Fargo raised its target but retained an equal-weight rating: The firm increased its price target to $54, implying limited upside relative to recent trading levels. Wells Fargo Maplebear price-target update
• Negative Sentiment: Quarterly EPS missed expectations: Maplebear reported earnings of $0.45 per share, below estimates ranging from $0.54 to $0.55, despite improving from $0.41 a year earlier. The miss may limit gains and keeps attention on the company’s ability to convert strong transaction growth into earnings. Maplebear Misses Q2 Earnings Estimates

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.