Maplebear (NASDAQ:CART) Stock Price Expected to Rise, Guggenheim Analyst Says

Maplebear (NASDAQ:CART) had its price target hoisted by equities researchers at Guggenheim from $44.00 to $46.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Guggenheim’s price objective would indicate a potential downside of 8.91% from the stock’s previous close.

A number of other brokerages also recently issued reports on CART. BNP Paribas Exane raised Maplebear from an “underperform” rating to a “neutral” rating and set a $56.00 price target for the company in a report on Friday. Oppenheimer raised their price objective on shares of Maplebear from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday. Raymond James Financial upgraded shares of Maplebear from a “hold” rating to a “moderate buy” rating in a research report on Thursday, April 9th. JPMorgan Chase & Co. upped their target price on shares of Maplebear from $55.00 to $62.00 and gave the company an “overweight” rating in a report on Friday. Finally, Weiss Ratings raised shares of Maplebear from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $54.45.

Maplebear Trading Up 12.1%

NASDAQ:CART traded up $5.47 during trading hours on Friday, hitting $50.50. The company’s stock had a trading volume of 7,631,488 shares, compared to its average volume of 4,517,973. Maplebear has a 52-week low of $32.73 and a 52-week high of $53.50. The stock has a market capitalization of $11.87 billion, a P/E ratio of 28.27, a price-to-earnings-growth ratio of 0.62 and a beta of 0.78. The stock has a fifty day moving average of $44.77 and a 200-day moving average of $40.82.

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

Insider Transactions at Maplebear

In related news, Director Ravi Gupta sold 181,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director owned 741,523 shares in the company, valued at $30,780,619.73. This trade represents a 19.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 24.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Maplebear

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

More Maplebear News

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

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.