Maplebear (NASDAQ:CART) Given New $54.00 Price Target at Wells Fargo & Company

Maplebear (NASDAQ:CART) had its price target boosted by Wells Fargo & Company from $47.00 to $54.00 in a report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 6.70% from the stock’s previous close.

Several other analysts have also issued reports on the stock. Guggenheim boosted their target price on shares of Maplebear from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Barclays increased their price target on shares of Maplebear from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Wall Street Zen raised shares of Maplebear from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Raymond James Financial upgraded Maplebear from a “hold” rating to a “moderate buy” rating in a research note on Thursday, April 9th. Finally, Needham & Company LLC raised their target price on Maplebear from $55.00 to $63.00 and gave the stock a “buy” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $54.05.

Maplebear Price Performance

Maplebear stock traded up $5.58 during mid-day trading on Friday, reaching $50.61. 5,621,427 shares of the stock traded hands, compared to its average volume of 4,501,997. Maplebear has a 12-month low of $32.73 and a 12-month high of $53.50. The business’s 50-day moving average is $44.77 and its 200-day moving average is $40.82. The stock has a market capitalization of $11.89 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 0.62 and a beta of 0.78.

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). Maplebear had a return on equity of 18.67% and a net margin of 12.50%.The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. Equities analysts anticipate that Maplebear will post 2.47 EPS for the current fiscal year.

Insider Buying and Selling at Maplebear

In other news, Director Ravi Gupta sold 181,000 shares of the stock in a transaction 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 directly owned 741,523 shares of the company’s stock, valued at $30,780,619.73. This represents a 19.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 24.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Maplebear

A number of institutional investors have recently bought and sold shares of the business. Allworth Financial LP lifted its stake in Maplebear by 35.7% in the third quarter. Allworth Financial LP now owns 928 shares of the company’s stock valued at $34,000 after buying an additional 244 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Maplebear by 9.6% during the second quarter. Smartleaf Asset Management LLC now owns 2,978 shares of the company’s stock valued at $134,000 after purchasing an additional 261 shares during the period. Rafferty Asset Management LLC boosted its position in shares of Maplebear by 2.5% during the 2nd quarter. Rafferty Asset Management LLC now owns 11,000 shares of the company’s stock worth $498,000 after purchasing an additional 273 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Maplebear by 5.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 6,423 shares of the company’s stock valued at $236,000 after buying an additional 304 shares in the last quarter. Finally, Aviva PLC raised its stake 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 buying an additional 424 shares during the period. Hedge funds and other institutional investors own 63.09% of the company’s stock.

Maplebear News Summary

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: Analyst targets increased: Needham raised its price target from $55 to $63 and initiated a “buy” rating, while Cantor Fitzgerald also lifted its target from $56 to $63 and maintained an “overweight” rating. BNP Paribas Exane upgraded CART from “underperform” to “neutral” with a $56 target. These actions indicate improving Wall Street sentiment and imply meaningful upside from recent levels. Benzinga analyst rating updates TickerReport BNP Paribas Exane upgrade
• Positive Sentiment: Healthy business growth: Second-quarter gross transaction value and revenue each increased 14% year over year. Adjusted EBITDA rose 19% to $313 million, and revenue of $1.04 billion exceeded Wall Street’s $1.03 billion estimate. Instacart second-quarter 2026 financial results
• Positive Sentiment: Demand outlook remains constructive: Management’s third-quarter outlook was reportedly above analyst expectations, suggesting continued momentum in online grocery demand and supporting the bullish analyst revisions.
• Neutral Sentiment: Profitability was mixed: GAAP net income reached $111 million and revenue growth remained solid, but the company’s $0.45 per-share earnings result was below consensus estimates of approximately $0.54–$0.55. Zacks Maplebear second-quarter earnings report
• Negative Sentiment: EPS miss may limit gains: Earnings increased from $0.41 a year earlier but still fell short of expectations, raising questions about cost control and near-term margin performance despite strong revenue and transaction growth.

Maplebear Company Profile

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.