Maplebear (NASDAQ:CART) Price Target Raised to $65.00

Maplebear (NASDAQ:CART) had its price target upped by investment analysts at Oppenheimer from $60.00 to $65.00 in a report released on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price target points to a potential upside of 28.69% from the stock’s previous close.

A number of other equities analysts have also recently commented on CART. Raymond James Financial upgraded Maplebear from a “hold” rating to a “moderate buy” rating in a report on Thursday, April 9th. BNP Paribas Exane raised shares of Maplebear from an “underperform” rating to a “neutral” rating and set a $56.00 target price on the stock in a research note on Friday. Wells Fargo & Company lifted their price target on shares of Maplebear from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of Maplebear from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Wall Street Zen raised shares of Maplebear from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. One 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $53.73.

Maplebear Stock Performance

Shares of NASDAQ:CART traded up $5.48 on Friday, reaching $50.51. The company’s stock had a trading volume of 3,964,672 shares, compared to its average volume of 4,487,520. The company has a 50-day simple moving average of $44.77 and a 200 day simple moving average of $40.82. Maplebear has a 52-week low of $32.73 and a 52-week high of $53.50. The company has a market cap of $11.87 billion, a P/E ratio of 28.22, a PEG ratio of 0.62 and a beta of 0.78.

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

Insider Buying and Selling

In other Maplebear news, Director Ravi Gupta sold 181,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $41.51, for a total value of $7,513,310.00. Following the transaction, the director directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 24.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CART. Pinnacle Bancorp Inc. bought a new position in shares of Maplebear during the 1st quarter worth $25,000. PenderFund Capital Management Ltd. bought a new stake in shares of Maplebear in the fourth quarter valued at about $27,000. Allworth Financial LP lifted its stake in Maplebear by 35.7% in the third quarter. Allworth Financial LP now owns 928 shares of the company’s stock worth $34,000 after acquiring an additional 244 shares during the period. IFP Advisors Inc grew its holdings in Maplebear by 761.3% during the 4th quarter. IFP Advisors Inc now owns 956 shares of the company’s stock worth $43,000 after acquiring an additional 845 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in Maplebear by 212.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,157 shares of the company’s stock worth $43,000 after acquiring an additional 787 shares in the last quarter. Institutional investors own 63.09% of the company’s stock.

Key Headlines Impacting Maplebear

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.

About Maplebear

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.