Benchmark Issues Positive Forecast for Maplebear (NASDAQ:CART) Stock Price

Maplebear (NASDAQ:CART) had its price target boosted by Benchmark from $55.00 to $63.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also issued reports on CART. Needham & Company LLC upped their price target on shares of Maplebear from $55.00 to $63.00 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. lifted their price objective on Maplebear from $55.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday. Guggenheim boosted their target price on Maplebear from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday. Wall Street Zen upgraded Maplebear from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. 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 report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.14.

Maplebear Stock Performance

Shares of CART opened at $50.17 on Friday. The firm has a market cap of $11.79 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 0.61 and a beta of 0.78. Maplebear has a fifty-two week low of $32.73 and a fifty-two week high of $53.50. The firm has a 50 day moving average price of $44.97 and a 200-day moving average price of $40.89.

Maplebear (NASDAQ:CART) last released its earnings results on Thursday, August 6th. The company reported $0.45 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 the consensus estimate of $1.03 billion. Maplebear had a net margin of 11.97% and a return on equity of 19.34%. Maplebear’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. As a group, equities research analysts predict that Maplebear will post 2.47 earnings per share for the current year.

Insider Transactions at Maplebear

In other news, Director Ravi Gupta sold 181,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $41.51, for a total transaction of $7,513,310.00. Following the completion of the transaction, the director directly owned 741,523 shares of the company’s stock, valued at approximately $30,780,619.73. This represents a 19.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 24.00% of the stock is currently owned by company insiders.

Institutional Trading of Maplebear

Several large investors have recently modified their holdings of CART. PenderFund Capital Management Ltd. purchased a new position in Maplebear during the 4th quarter valued at about $27,000. Pinnacle Bancorp Inc. purchased a new stake in Maplebear in the 1st quarter worth approximately $25,000. Allworth Financial LP grew its position in shares of Maplebear by 35.7% in the 3rd quarter. Allworth Financial LP now owns 928 shares of the company’s stock worth $34,000 after buying an additional 244 shares during the last quarter. IFP Advisors Inc grew its position in shares of Maplebear by 761.3% in the 4th quarter. IFP Advisors Inc now owns 956 shares of the company’s stock worth $43,000 after buying an additional 845 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its position in shares of Maplebear by 212.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,157 shares of the company’s stock worth $43,000 after buying an additional 787 shares during the last quarter. 63.09% of the stock is owned by institutional investors.

More Maplebear News

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.