Maplebear (NASDAQ:CART) Given New $63.00 Price Target at Benchmark

Maplebear (NASDAQ:CART) had its target price lifted by stock analysts at Benchmark from $55.00 to $63.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s target price suggests a potential upside of 26.79% from the stock’s current price.

A number of other research firms have also recently issued reports on CART. Barclays increased their target price on Maplebear from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Citizens Jmp reiterated a “market outperform” rating and issued a $60.00 price target on shares of Maplebear in a report on Monday, June 15th. Raymond James Financial raised shares of Maplebear from a “hold” rating to a “moderate buy” rating in a research report on Thursday, April 9th. Wells Fargo & Company boosted their price objective on shares of Maplebear from $47.00 to $54.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, JPMorgan Chase & Co. upped their target price on shares of Maplebear from $55.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.91.

Maplebear Stock Performance

NASDAQ:CART traded up $4.66 on Friday, reaching $49.69. The company’s stock had a trading volume of 8,172,061 shares, compared to its average volume of 4,521,882. Maplebear has a 1-year low of $32.73 and a 1-year high of $53.50. The business’s 50-day moving average price is $44.77 and its two-hundred day moving average price is $40.82. The firm has a market cap of $11.68 billion, a PE ratio of 27.81, a PEG ratio of 0.62 and a beta of 0.78.

Maplebear (NASDAQ:CART) last released 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 for the quarter, compared to analyst estimates of $1.03 billion. Maplebear had a return on equity of 18.67% and a net margin of 12.50%.The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 EPS. As a group, sell-side analysts expect that Maplebear will post 2.47 EPS for the current year.

Insiders Place Their Bets

In other Maplebear news, Director Ravi Gupta sold 181,000 shares of the business’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 of the company’s stock, valued at $30,780,619.73. The trade was a 19.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 24.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Maplebear

Large investors have recently made changes to their positions in the stock. PenderFund Capital Management Ltd. bought a new position in shares of Maplebear in the fourth quarter valued at $27,000. Pinnacle Bancorp Inc. acquired a new stake in Maplebear in the first quarter valued at $25,000. Allworth Financial LP grew its position in shares of Maplebear by 35.7% in the 3rd 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 period. IFP Advisors Inc grew its position in shares of Maplebear by 761.3% in the 4th quarter. IFP Advisors Inc now owns 956 shares of the company’s stock valued at $43,000 after acquiring an additional 845 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in shares of 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 purchasing an additional 787 shares during the last quarter. Institutional investors and hedge funds own 63.09% of the company’s stock.

Key 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.