Maplebear (NASDAQ:CART) Given New $65.00 Price Target at Oppenheimer

Maplebear (NASDAQ:CART) had its target price lifted by equities researchers at Oppenheimer from $60.00 to $65.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s target price suggests a potential upside of 28.69% from the company’s previous close.

CART has been the subject of a number of other reports. 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. Wedbush started coverage on shares of Maplebear in a report on Thursday, July 16th. They issued an “outperform” rating and a $59.00 target price on the stock. Guggenheim lifted their target price on shares of Maplebear from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Barclays increased their price target on Maplebear from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, BNP Paribas Exane upgraded Maplebear from an “underperform” rating to a “neutral” rating and set a $56.00 price target on the stock in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.73.

Maplebear Stock Performance

Shares of NASDAQ:CART traded up $5.48 during midday trading on Friday, reaching $50.51. 3,964,672 shares of the company’s stock traded hands, compared to its average volume of 4,487,520. Maplebear has a one year low of $32.73 and a one year high of $53.50. The company has a market cap of $11.87 billion, a price-to-earnings ratio of 28.22, a P/E/G ratio of 0.62 and a beta of 0.78. The stock has a 50 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 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 during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the business posted $0.41 earnings per share. Maplebear’s quarterly revenue was up 14.1% compared to the same quarter last year. Sell-side analysts predict that Maplebear will post 2.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other Maplebear news, Director Ravi Gupta sold 181,000 shares of the firm’s stock in a transaction dated 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 sale, the director directly owned 741,523 shares of the company’s stock, valued at $30,780,619.73. This trade represents a 19.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 24.00% of the company’s stock.

Institutional Trading of Maplebear

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Maplebear in the 2nd quarter worth approximately $8,230,000. Global Retirement Partners LLC purchased a new position in shares of Maplebear in the second quarter worth $67,000. Bank of New York Mellon Corp purchased a new position in shares of Maplebear in the second quarter worth $45,239,000. State of Wyoming bought a new position in shares of Maplebear during the second quarter worth $692,000. Finally, GSA Capital Partners LLP purchased a new position in Maplebear during the second quarter valued at $672,000. Institutional investors own 63.09% of the company’s stock.

Maplebear News Roundup

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.