Maplebear (NASDAQ:CART) Price Target Raised to $63.00 at Needham & Company LLC

Maplebear (NASDAQ:CART) had its price target raised by equities research analysts at Needham & Company LLC from $55.00 to $63.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price would suggest a potential upside of 39.91% from the stock’s previous close.

CART has been the subject of a number of other reports. Wedbush assumed coverage on shares of Maplebear in a research note on Thursday, July 16th. They set an “outperform” rating and a $59.00 target price for the company. Weiss Ratings upgraded shares of Maplebear from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Barclays lifted their price target on shares of Maplebear from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Guggenheim lifted their target price on Maplebear from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Finally, Wall Street Zen upgraded Maplebear from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $53.19.

Maplebear Price Performance

Maplebear 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 firm has a market capitalization of $10.58 billion, a P/E ratio of 25.16, a price-to-earnings-growth ratio of 0.62 and a beta of 0.78. The company’s 50-day moving average is $44.77 and its 200 day moving average is $40.82.

Maplebear (NASDAQ:CART) last announced its earnings results on Thursday, August 6th. The company reported $0.45 earnings per share (EPS) 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 analysts’ expectations of $1.03 billion. Maplebear had a net margin of 12.50% and a return on equity of 18.67%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS. Research analysts anticipate that Maplebear will post 2.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Ravi Gupta sold 181,000 shares of the 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 transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 24.00% of the company’s stock.

Institutional Trading of Maplebear

Several large investors have recently made changes to their positions in CART. Viking Global Investors LP acquired a new stake in Maplebear during the second quarter worth about $169,782,000. Marshall Wace LLP purchased a new stake in Maplebear in the 4th quarter worth approximately $126,206,000. Norges Bank purchased a new stake in Maplebear in the 4th quarter worth approximately $97,221,000. Dimensional Fund Advisors LP grew its stake in shares of Maplebear by 114.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,792,673 shares of the company’s stock worth $170,594,000 after purchasing an additional 2,026,567 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Maplebear by 401.4% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,281,452 shares of the company’s stock valued at $102,620,000 after purchasing an additional 1,826,402 shares in the last quarter. 63.09% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Maplebear

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.