Maplebear (NASDAQ:CART) Price Target Raised to $77.00 at Barclays

Maplebear (NASDAQ:CART) had its target price raised by Barclays from $69.00 to $77.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts have also recently weighed in on CART. Raymond James Financial upgraded shares of Maplebear from a “hold” rating to a “moderate buy” rating in a report on Thursday, April 9th. Cantor Fitzgerald upped their price target on Maplebear from $56.00 to $63.00 and gave the company an “overweight” rating in a report on Friday. Weiss Ratings upgraded Maplebear from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Oppenheimer raised their price objective on Maplebear from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, JPMorgan Chase & Co. lifted their target price on Maplebear from $55.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $55.14.

Maplebear Trading Up 11.4%

Shares of Maplebear stock opened at $50.17 on Friday. Maplebear has a 52 week low of $32.73 and a 52 week high of $53.50. The stock has a market cap of $11.79 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 0.61 and a beta of 0.78. The company’s 50-day moving average price is $44.97 and its two-hundred day moving average price is $40.89.

Maplebear (NASDAQ:CART) last posted 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). The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Maplebear had a net margin of 11.97% and a return on equity of 19.34%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. On average, equities analysts predict that Maplebear will post 2.47 EPS for the current fiscal year.

Insider Activity at Maplebear

In related news, Director Ravi Gupta sold 181,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $41.51, for a total value of $7,513,310.00. Following the completion of the sale, the director owned 741,523 shares in the company, valued at approximately $30,780,619.73. This represents a 19.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 24.00% of the company’s stock.

Institutional Trading of Maplebear

Several large investors have recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in shares of Maplebear by 35.7% in the third quarter. Allworth Financial LP now owns 928 shares of the company’s stock worth $34,000 after buying an additional 244 shares during the period. Smartleaf Asset Management LLC lifted its stake in Maplebear by 9.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,978 shares of the company’s stock worth $134,000 after acquiring an additional 261 shares in the last quarter. Rafferty Asset Management LLC lifted its stake in Maplebear by 2.5% in the 2nd quarter. Rafferty Asset Management LLC now owns 11,000 shares of the company’s stock worth $498,000 after acquiring an additional 273 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in Maplebear by 5.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 6,423 shares of the company’s stock worth $236,000 after acquiring an additional 304 shares during the period. Finally, Aviva PLC boosted its position in Maplebear by 3.9% during the 4th quarter. Aviva PLC now owns 11,279 shares of the company’s stock worth $507,000 after acquiring an additional 424 shares during the period. 63.09% of the stock is owned by institutional investors and hedge funds.

Key Headlines 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.