Maplebear (NASDAQ:CART) Given New $46.00 Price Target at Guggenheim

Posted by Geri Gentry on Aug 7th, 2026

Maplebear (NASDAQ:CART – Get Free Report) had its price objective upped by research analysts at Guggenheim from $44.00 to $46.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Guggenheim’s price target would suggest a potential downside of 8.91% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Weiss Ratings raised shares of Maplebear from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Wells Fargo & Company boosted their price target on shares of Maplebear from $47.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Friday. Wedbush assumed coverage on shares of Maplebear in a research report on Thursday, July 16th. They issued an “outperform” rating and a $59.00 price objective for the company. Oppenheimer lifted their price objective on Maplebear from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Friday. Finally, Cantor Fitzgerald lifted their price objective on Maplebear from $56.00 to $63.00 and gave the company an “overweight” rating in a report on Friday. One investment 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $54.45.

Get Our Latest Analysis on Maplebear

Maplebear Stock Up 12.1%

Shares of NASDAQ CART traded up $5.47 during mid-day trading on Friday, hitting $50.50. 7,631,488 shares of the company were exchanged, compared to its average volume of 4,517,973. The stock has a 50 day simple moving average of $44.77 and a 200-day simple moving average of $40.82. Maplebear has a 1-year low of $32.73 and a 1-year high of $53.50. The firm has a market cap of $11.87 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 0.62 and a beta of 0.78.

Maplebear (NASDAQ:CART – Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. Maplebear had a net margin of 12.50% and a return on equity of 18.67%. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. Analysts anticipate that Maplebear will post 2.47 earnings per share for the current fiscal year.

Insider Activity at Maplebear

In other Maplebear news, Director Ravi Gupta sold 181,000 shares of the business’s stock in a transaction on 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 sale, the director directly owned 741,523 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 24.00% of the company’s stock.

Hedge Funds Weigh In On Maplebear

Large investors have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Maplebear in the second quarter valued at about $8,230,000. Global Retirement Partners LLC acquired a new position in Maplebear during the second quarter worth about $67,000. Bank of New York Mellon Corp purchased a new position in Maplebear in the second quarter valued at about $45,239,000. State of Wyoming purchased a new position in Maplebear in the second quarter valued at about $692,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Maplebear during the 2nd quarter valued at approximately $672,000. Hedge funds and other institutional investors own 63.09% of the company’s stock.

Key Stories Impacting Maplebear

Here are the key news stories impacting Maplebear this week:

Positive Sentiment: Revenue, GTV and profitability grew: Second-quarter gross transaction value and revenue each increased 14% year over year. Revenue reached $1.04 billion, slightly above the $1.03 billion analyst consensus, while adjusted EBITDA rose 19% to $313 million and GAAP net income totaled $111 million. Instacart Announces Second Quarter 2026 Financial Results
Positive Sentiment: Constructive outlook supported the rally: Management raised its third-quarter outlook above Wall Street expectations, pointing to continued demand for online grocery services and ongoing momentum in the core business. Instacart’s core business delivers double-digit GTV, revenue growth, EPS misses
Positive Sentiment: Analysts became more bullish: Oppenheimer raised its price target to $65 and kept an outperform rating; Needham and Cantor Fitzgerald each lifted targets to $63 with buy or overweight ratings. BNP Paribas Exane upgraded CART from underperform to neutral with a $56 target. Analyst price-target updates
Positive Sentiment: Lower delivery markups could expand adoption: More retailers are offering Instacart delivery without item-price markups, a strategy management says can attract cost-conscious shoppers and accelerate online grocery usage. Instacart Retailers Cut Grocery Delivery Markups to Capture Cash-Strapped Shoppers
Neutral Sentiment: Wells Fargo raised its target but retained an equal-weight rating: The firm increased its price target to $54, implying limited upside relative to recent trading levels. Wells Fargo Maplebear price-target update
Negative Sentiment: Quarterly EPS missed expectations: Maplebear reported earnings of $0.45 per share, below estimates ranging from $0.54 to $0.55, despite improving from $0.41 a year earlier. The miss may limit gains and keeps attention on the company’s ability to convert strong transaction growth into earnings. Maplebear Misses Q2 Earnings Estimates

About Maplebear

(Get Free Report)

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.