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

Maplebear (NASDAQ:CART) had its price target hoisted by investment analysts at Cantor Fitzgerald from $56.00 to $63.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective suggests a potential upside of 39.91% from the company’s current price.

A number of other equities research analysts also recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $55.00 price target on shares of Maplebear in a report on Thursday, May 7th. Raymond James Financial raised shares of Maplebear from a “hold” rating to a “moderate buy” rating in a research note on Thursday, April 9th. Wells Fargo & Company boosted their target price on shares of Maplebear from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Guggenheim increased their target price on shares of Maplebear from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen upgraded shares of Maplebear from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Maplebear has an average rating of “Moderate Buy” and an average target price of $52.10.

Maplebear Stock Performance

Shares of CART stock opened at $45.03 on Friday. Maplebear has a 1 year low of $32.73 and a 1 year high of $53.50. The stock has a market cap of $10.58 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 0.62 and a beta of 0.78. The business’s fifty day moving average is $44.77 and its 200-day moving average is $40.82.

Maplebear (NASDAQ:CART) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.09). Maplebear had a net margin of 12.50% and a return on equity of 18.67%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the company earned $0.41 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. Equities research analysts predict that Maplebear will post 2.47 earnings per share for the current year.

Insider Buying and Selling at Maplebear

In related news, Director Ravi Gupta sold 181,000 shares of the stock in a transaction on 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 completion of 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 document filed with the SEC, which can be accessed through the SEC website. 24.00% of the stock is owned by company insiders.

Institutional Trading of Maplebear

A number of hedge funds have recently bought and sold shares of the company. Allworth Financial LP increased its stake in Maplebear by 35.7% in 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 period. Smartleaf Asset Management LLC boosted its holdings in Maplebear by 9.6% during the second 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 in the last quarter. Rafferty Asset Management LLC grew its stake in shares of Maplebear by 2.5% in 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 period. Crossmark Global Holdings Inc. raised its holdings 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 buying an additional 304 shares in the last quarter. Finally, Aviva PLC lifted its position in shares of Maplebear by 3.9% during the 4th quarter. Aviva PLC now owns 11,279 shares of the company’s stock worth $507,000 after buying an additional 424 shares during the period. 63.09% of the stock is owned by hedge funds and other institutional investors.

Maplebear News Roundup

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: Second-quarter GTV and revenue each increased 14% year over year. Revenue reached $1.04 billion, slightly exceeding Wall Street’s $1.03 billion estimate, indicating continued demand for Instacart’s online grocery marketplace. Instacart Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Adjusted EBITDA rose 19% year over year to $313 million, while GAAP net income was $111 million. The results suggest that Maplebear is expanding its core business while maintaining strong cash-generation potential. Instacart’s core business delivers double-digit GTV, revenue growth, EPS misses
• Positive Sentiment: Management issued a third-quarter outlook above analyst expectations, signaling confidence that online grocery demand and marketplace momentum will continue. This forward guidance may help offset the quarterly earnings shortfall. Maplebear Inc. Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Key operating metrics generally showed year-over-year improvement, but investors may focus on whether growth is translating into consistent per-share earnings and sustainable margins. Maplebear Q2 Earnings Key Metrics
• Negative Sentiment: Adjusted earnings were $0.45 per share, below consensus estimates ranging from $0.54 to $0.55. Although EPS improved from $0.41 a year earlier, the miss raises concerns about profitability and is likely the main reason the stock has decreased despite strong revenue growth. 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.