Maplebear (NASDAQ:CART) Upgraded to Neutral at BNP Paribas Exane

BNP Paribas Exane upgraded shares of Maplebear (NASDAQ:CART) from an underperform rating to a neutral rating in a report issued on Friday morning, MarketBeat reports. The brokerage currently has $56.00 target price on the stock.

CART has been the subject of a number of other reports. Wells Fargo & Company upped their price objective on Maplebear from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Citizens Jmp reissued a “market outperform” rating and set a $60.00 price objective on shares of Maplebear in a report on Monday, June 15th. Weiss Ratings upgraded Maplebear from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Wedbush assumed coverage on Maplebear in a research note on Thursday, July 16th. They issued an “outperform” rating and a $59.00 target price for the company. Finally, Barclays lifted their price target on shares of Maplebear from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Maplebear presently has an average rating of “Moderate Buy” and an average target price of $55.14.

Maplebear Stock Performance

Maplebear stock opened at $50.17 on Friday. Maplebear has a fifty-two week low of $32.73 and a fifty-two week high of $53.50. The stock has a market cap of $11.79 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of 0.61 and a beta of 0.78. The firm’s fifty day moving average price is $44.97 and its 200-day moving average price is $40.89.

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 the consensus estimate of $0.54 by ($0.09). The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Maplebear had a return on equity of 19.34% and a net margin of 11.97%.The firm’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 earnings per share. On average, analysts predict that Maplebear will post 2.47 earnings per share for the current year.

Insider Activity at Maplebear

In other news, Director Ravi Gupta sold 181,000 shares of Maplebear 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 transaction, the director owned 741,523 shares in the company, valued at approximately $30,780,619.73. The trade was a 19.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 24.00% of the company’s stock.

Hedge Funds Weigh In On Maplebear

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP increased its position in Maplebear by 35.7% during the third quarter. Allworth Financial LP now owns 928 shares of the company’s stock valued at $34,000 after acquiring an additional 244 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Maplebear by 9.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,978 shares of the company’s stock valued at $134,000 after purchasing an additional 261 shares during the period. Rafferty Asset Management LLC increased its position in shares of Maplebear by 2.5% during the 2nd quarter. Rafferty Asset Management LLC now owns 11,000 shares of the company’s stock valued at $498,000 after purchasing an additional 273 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Maplebear by 5.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 6,423 shares of the company’s stock worth $236,000 after purchasing an additional 304 shares during the period. Finally, Aviva PLC boosted its holdings in shares of Maplebear by 3.9% in the fourth quarter. Aviva PLC now owns 11,279 shares of the company’s stock worth $507,000 after buying an additional 424 shares during the last quarter. 63.09% of the stock is currently owned by institutional investors.

Key Stories Impacting Maplebear

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: Analyst sentiment improved significantly. Barclays raised its price target from $69 to $77 and maintained an “overweight” rating. JPMorgan, Oppenheimer, Cantor Fitzgerald, Benchmark and Needham also increased their targets, generally citing growth prospects and assigning bullish ratings. Analyst price-target updates
• Positive Sentiment: Second-quarter revenue and platform activity exceeded expectations. Maplebear reported revenue of $1.04 billion, above the $1.03 billion consensus estimate, while gross transaction value and revenue each grew 14% year over year. Adjusted EBITDA rose 19% to $313 million, and GAAP net income reached $111 million. Instacart second-quarter 2026 results
• Positive Sentiment: Management’s outlook supported the bullish case. The company raised its third-quarter revenue outlook above Wall Street expectations, suggesting continued demand for online grocery services. Advertising growth, artificial-intelligence initiatives and expansion with enterprise customers also provided additional growth drivers. CART second-quarter earnings analysis
• Neutral Sentiment: Retailer pricing changes could expand adoption but affect economics. More retailers are offering grocery delivery through Instacart without item markups to appeal to cost-conscious shoppers. The strategy may increase order volume and online grocery penetration, although lower markups could pressure transaction economics. Retailers cut grocery delivery markups
• Negative Sentiment: The earnings miss remains a risk. Adjusted earnings were $0.45 per share, below estimates ranging from $0.54 to $0.55, though earnings increased from $0.41 a year earlier. Guggenheim kept a “neutral” rating and set a $46 target, implying downside from recent levels. CART misses second-quarter 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.