Maplebear (NASDAQ:CART) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Maplebear (NASDAQ:CART) from a buy rating to a hold rating in a research report sent to investors on Saturday.

Several other brokerages have also issued reports on CART. BNP Paribas Exane raised Maplebear from an “underperform” rating to a “neutral” rating and set a $56.00 target price for the company in a research note on Friday. JPMorgan Chase & Co. lifted their price target on shares of Maplebear from $55.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday. Needham & Company LLC boosted their price objective on shares of Maplebear from $55.00 to $63.00 and gave the stock a “buy” rating in a report on Friday. Barclays upped their price objective on shares of Maplebear from $69.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Weiss Ratings raised shares of Maplebear from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. One investment 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. According to data from MarketBeat, Maplebear has a consensus rating of “Moderate Buy” and a consensus target price of $55.14.

Maplebear Stock Up 11.4%

NASDAQ CART opened at $50.17 on Friday. The stock’s 50-day simple moving average is $44.97 and its two-hundred day simple moving average is $40.89. Maplebear has a twelve month low of $32.73 and a twelve month high of $53.50. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 0.68 and a beta of 0.78.

Maplebear (NASDAQ:CART) last posted its quarterly earnings data 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 firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Maplebear had a return on equity of 19.34% and a net margin of 11.97%.Maplebear’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. On average, equities analysts expect that Maplebear will post 2.43 earnings per share for the current fiscal year.

Insider Transactions at Maplebear

In other Maplebear news, Director Ravi Gupta sold 181,000 shares of Maplebear stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $41.51, for a total value of $7,513,310.00. Following the transaction, the director directly owned 741,523 shares of the company’s stock, valued at $30,780,619.73. The trade was a 19.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 24.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Maplebear

Institutional investors have recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. purchased a new stake in shares of Maplebear during the first quarter worth about $25,000. PenderFund Capital Management Ltd. bought a new stake in shares of Maplebear during the fourth quarter valued at approximately $27,000. Allworth Financial LP boosted its holdings in shares of Maplebear by 35.7% during the 3rd quarter. Allworth Financial LP now owns 928 shares of the company’s stock valued at $34,000 after buying an additional 244 shares in the last quarter. IFP Advisors Inc grew its holdings in Maplebear by 761.3% in the fourth quarter. IFP Advisors Inc now owns 956 shares of the company’s stock worth $43,000 after purchasing an additional 845 shares during the period. Finally, Sunbelt Securities Inc. grew its stake 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. Hedge funds and other institutional investors own 63.09% of the company’s stock.

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.