Maplebear Inc. (NASDAQ:CART) Stock Has Average Price Target of $58.24 According to Analysts

Shares of Maplebear Inc. (NASDAQ:CART) have earned an average rating of “Moderate Buy” from the twenty brokerages that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $58.53.

CART has been the subject of several recent analyst reports. Argus boosted their price objective on shares of Maplebear from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Oppenheimer increased their target price on shares of Maplebear from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Wall Street Zen lowered shares of Maplebear from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of Maplebear from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 15th. Finally, Cantor Fitzgerald boosted their price target on shares of Maplebear from $56.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, August 7th.

Insider Transactions at Maplebear

In other news, insider Morgan Fong sold 18,390 shares of the company’s stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $51.00, for a total value of $937,890.00. Following the completion of the sale, the insider directly owned 529,911 shares of the company’s stock, valued at approximately $27,025,461. This represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lisa Blackwood-Kapral sold 3,016 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $49.58, for a total value of $149,533.28. Following the sale, the chief accounting officer directly owned 34,699 shares of the company’s stock, valued at approximately $1,720,376.42. This represents a 8.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 285,263 shares of company stock worth $14,641,173 over the last 90 days. Company insiders own 24.00% of the company’s stock.

Hedge Funds Weigh In On Maplebear

Several institutional investors have recently bought and sold shares of CART. NFSG Corp acquired a new position in Maplebear during the 3rd quarter worth approximately $26,000. Root Financial Partners LLC purchased a new position in shares of Maplebear during the 3rd quarter worth approximately $27,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Maplebear in the 1st quarter valued at approximately $25,000. CX Institutional lifted its holdings in shares of Maplebear by 91.5% in the 3rd quarter. CX Institutional now owns 944 shares of the company’s stock valued at $41,000 after buying an additional 451 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of Maplebear by 94.7% in the second quarter. Versant Capital Management Inc now owns 1,215 shares of the company’s stock valued at $58,000 after buying an additional 591 shares in the last quarter. 63.09% of the stock is owned by institutional investors and hedge funds.

Maplebear Stock Up 7.9%

NASDAQ:CART opened at $60.88 on Tuesday. The stock’s fifty day moving average is $48.16 and its two-hundred day moving average is $42.92. Maplebear has a 52 week low of $32.73 and a 52 week high of $62.00. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 33.27, a price-to-earnings-growth ratio of 1.10 and a beta of 0.87.

Maplebear (NASDAQ:CART) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.45 earnings per share (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 analysts’ expectations of $1.03 billion. Maplebear had a return on equity of 20.19% and a net margin of 11.97%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the company earned $0.41 earnings per share. On average, sell-side analysts expect that Maplebear will post 2.33 EPS for the current fiscal year.

More Maplebear News

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: DoorDash is reportedly in advanced talks to acquire Instacart in a deal valued at approximately $17 billion, potentially as soon as this week. A transaction could establish a valuation benchmark for Maplebear and fuel expectations of a strategic premium for shareholders. Instacart’s previously reported discussions with Uber are no longer active. DoorDash in talks to buy delivery rival Instacart in $17B deal
• Positive Sentiment: Citizens JMP raised its price target for Maplebear from $60 to $65 and maintained a “market outperform” rating, implying additional upside based on the reported current valuation.
• Positive Sentiment: Options activity showed investors buying 9,558 call contracts, roughly 95% above average. The activity indicates heightened bullish positioning, though options trading can also increase short-term volatility.
• Neutral Sentiment: The recent rally has been widely attributed to potential-sale speculation rather than a new operating update. Investors should monitor whether DoorDash confirms the talks and whether the reported valuation applies to all of Maplebear’s equity.
• Neutral Sentiment: Reports stated Maplebear had no reported short interest as of October 26, suggesting limited potential for a short-squeeze catalyst. The accompanying reference to a “large increase” in short interest appears inconsistent with the reported zero shares.
• Negative Sentiment: Instacart plans to wind down its Caper smart-cart division by the second quarter of 2027, abandoning a technology previously described as central to grocery innovation. The move could reduce growth options and signals that the project did not achieve expected traction. Instacart calls it quits on Caper smart carts
• Negative Sentiment: The CEO, CFO and another insider sold shares under pre-arranged Rule 10b5-1 plans. While the sales were scheduled and the executives retained substantial holdings, multiple insider sales can weigh on sentiment after a rapid stock advance.

About Maplebear

Maplebear Inc, doing business as Instacart, operates a technology-enabled grocery marketplace that connects consumers with retailers and personal shoppers. Through its website and mobile applications, customers can order groceries and other household products for delivery or pickup from participating supermarkets, specialty food stores, convenience retailers and other merchants.

The company also provides retailers with e-commerce, fulfillment and advertising solutions. Its platform supports online storefronts, order management, delivery logistics, customer engagement and data-driven marketing, allowing retail partners to offer digital shopping services and reach consumers through Instacart’s marketplace.

Founded in 2012, Maplebear serves customers across the United States and Canada.