Maplebear (NASDAQ:CART) Price Target Raised to $47.00

07 May 2026, 12:01 by Amy Steele · The Cerbat Gem

Maplebear (NASDAQ:CART – Get Free Report) had its price target hoisted by stock analysts at Wells Fargo & Company from $45.00 to $47.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 22.36% from the company’s previous close.

Several other analysts have also recently issued reports on CART. Wall Street Zen cut shares of Maplebear from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. BNP Paribas Exane began coverage on shares of Maplebear in a report on Wednesday, January 14th. They issued an “underperform” rating and a $41.00 price target on the stock. Argus raised Maplebear to a “strong-buy” rating in a research note on Thursday, March 5th. Benchmark reduced their target price on Maplebear from $60.00 to $53.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. Finally, Jefferies Financial Group upgraded Maplebear from a “hold” rating to a “buy” rating and upped their target price for the stock from $38.00 to $45.00 in a research note on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.22.

Read Our Latest Report on CART

Maplebear Price Performance

CART stock traded down $1.75 during mid-day trading on Thursday, reaching $38.41. 1,701,830 shares of the company traded hands, compared to its average volume of 4,726,590. The company has a fifty day moving average price of $39.22 and a 200-day moving average price of $39.90. Maplebear has a 52-week low of $32.73 and a 52-week high of $53.50. The company has a market capitalization of $9.09 billion, a P/E ratio of 24.18, a P/E/G ratio of 0.67 and a beta of 0.96.

Maplebear (NASDAQ:CART – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. Maplebear had a net margin of 11.89% and a return on equity of 16.28%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm posted $0.37 earnings per share. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. As a group, analysts forecast that Maplebear will post 2.4 EPS for the current year.

Insider Buying and Selling at Maplebear

In related news, General Counsel Morgan Fong sold 126,083 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $37.09, for a total value of $4,676,418.47. Following the transaction, the general counsel owned 386,643 shares of the company’s stock, valued at $14,340,588.87. This represents a 24.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lisa Blackwood-Kapral sold 9,390 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $40.25, for a total value of $377,947.50. Following the sale, the chief accounting officer owned 58,971 shares in the company, valued at $2,373,582.75. The trade was a 13.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 144,863 shares of company stock valued at $5,418,135 over the last quarter. 24.00% of the stock is owned by company insiders.

Institutional Trading of Maplebear

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pinnacle Bancorp Inc. bought a new position in Maplebear during the first quarter valued at approximately $25,000. PenderFund Capital Management Ltd. bought a new stake in shares of Maplebear in the 4th quarter worth approximately $27,000. Hantz Financial Services Inc. boosted its stake in shares of Maplebear by 78.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 884 shares of the company’s stock valued at $32,000 after purchasing an additional 389 shares in the last quarter. Allworth Financial LP grew 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 purchasing an additional 244 shares during the last quarter. Finally, Abich Financial Wealth Management LLC bought a new position in shares of Maplebear during the 3rd quarter valued at $43,000. Hedge funds and other institutional investors own 63.09% of the company’s stock.

Trending Headlines about Maplebear

Here are the key news stories impacting Maplebear this week:

Positive Sentiment: Needham reaffirmed a “buy” rating and set a $55 price target (~42% upside vs. current levels), giving a visible analyst catalyst that could support the stock if sentiment improves. Needham Reaffirm Buy
Positive Sentiment: Company reported Q1 revenue of ~$1.02B (up 13.6% YoY) and EPS of $0.57, roughly meeting consensus; management highlighted strong demand and raised near‑term GTV expectations, which supports growth and margin outlook. Press Release / Slide Deck
Positive Sentiment: Instacart highlighted continued GTV and revenue growth (GTV +13% YoY; >$10B milestone) and guided Q2 GTV above Street expectations — a demand beat that can underpin forward estimates. Q1 Results PR
Positive Sentiment: Maplebear secured a $500M unsecured revolving credit facility, boosting liquidity and optionality for growth or buybacks — a balance‑sheet positive. Revolving Credit Facility
Neutral Sentiment: Earnings call transcript provides management color on execution and product road map — useful for investors digging into metric details and guide assumptions. Earnings Call Transcript
Neutral Sentiment: Coverage piece reviewing Maplebear alongside peers may influence sentiment but contains no new company‑specific disclosures. Peer Review
Positive Sentiment: Product/AI development: Instacart is commercializing its decade of grocery data into a “personal shopper” AI (meal planning, basket building, forget detection) that could boost order value and retention over time. AI Personal Shopper
Negative Sentiment: Zacks flagged a $0.01 EPS miss versus its consensus ($0.57 vs $0.58), which can be used by short‑term traders as a reason to sell into the print despite overall revenue strength. Zacks EPS Note

About Maplebear

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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.