What is Wedbush’s Forecast for Maplebear FY2027 Earnings?

Maplebear Inc. (NASDAQ:CART) – Research analysts at Wedbush issued their FY2027 earnings per share estimates for Maplebear in a research note issued on Monday, November 10th. Wedbush analyst S. Devitt anticipates that the company will earn $2.10 per share for the year. Wedbush currently has a “Underperform” rating and a $42.00 target price on the stock. The consensus estimate for Maplebear’s current full-year earnings is $1.43 per share. Wedbush also issued estimates for Maplebear’s FY2028 earnings at $2.30 EPS and FY2029 earnings at $2.45 EPS.

Several other equities research analysts also recently weighed in on CART. JPMorgan Chase & Co. reduced their price target on shares of Maplebear from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Tuesday. Wells Fargo & Company reduced their target price on Maplebear from $57.00 to $47.00 and set an “equal weight” rating for the company in a report on Friday, October 3rd. Sanford C. Bernstein upped their price target on Maplebear from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Stifel Nicolaus dropped their price objective on Maplebear from $56.00 to $49.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Finally, Needham & Company LLC reduced their price objective on Maplebear from $66.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Maplebear presently has an average rating of “Moderate Buy” and an average price target of $51.40.

Maplebear Stock Performance

Shares of Maplebear stock opened at $39.41 on Wednesday. The company has a 50-day simple moving average of $40.31 and a two-hundred day simple moving average of $43.91. The stock has a market capitalization of $10.35 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.28 and a beta of 1.10. Maplebear has a 52-week low of $34.78 and a 52-week high of $53.50.

Maplebear (NASDAQ:CART) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. Maplebear had a net margin of 14.09% and a return on equity of 15.72%. The company had revenue of $939.00 million for the quarter, compared to analysts’ expectations of $933.76 million. During the same quarter in the previous year, the business posted $0.42 EPS. Maplebear’s revenue was up 10.2% compared to the same quarter last year.

Institutional Investors Weigh In On Maplebear

Hedge funds have recently modified their holdings of the business. Sentry Investment Management LLC bought a new position in shares of Maplebear during the second quarter worth $391,000. Alpine Woods Capital Investors LLC boosted its holdings in shares of Maplebear by 132.3% during the 2nd quarter. Alpine Woods Capital Investors LLC now owns 47,932 shares of the company’s stock valued at $2,168,000 after purchasing an additional 27,297 shares during the last quarter. Generate Investment Management Ltd purchased a new position in shares of Maplebear during the second quarter valued at about $14,477,000. McLean Asset Management Corp bought a new stake in shares of Maplebear in the second quarter worth about $2,434,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Maplebear by 36.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 450,047 shares of the company’s stock worth $20,360,000 after purchasing an additional 119,906 shares during the last quarter. Institutional investors own 63.09% of the company’s stock.

Insider Activity

In related news, Director Fidji Simo sold 1,014 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $40.00, for a total transaction of $40,560.00. Following the completion of the sale, the director directly owned 569,742 shares in the company, valued at approximately $22,789,680. The trade was a 0.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Morgan Fong sold 3,546 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $38.85, for a total transaction of $137,762.10. Following the sale, the general counsel directly owned 427,523 shares of the company’s stock, valued at approximately $16,609,268.55. This represents a 0.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,556 shares of company stock valued at $1,179,482 in the last quarter. 26.00% of the stock is currently owned by insiders.

Maplebear Company Profile

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.