Maplebear (NASDAQ:CART) Given New $65.00 Price Target at Citizens Jmp

Posted by on Oct 26th, 2026

Maplebear (NASDAQ:CART – Get Free Report) had its price objective boosted by stock analysts at Citizens Jmp from $60.00 to $65.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp‘s price target indicates a potential upside of 18.58% from the company’s current price.

A number of other equities research analysts have also recently issued reports on CART. Wedbush started coverage on shares of Maplebear in a report on Thursday, July 16th. They issued an “outperform” rating and a $59.00 price objective for the company. Oppenheimer increased their target price on shares of Maplebear from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Weiss Ratings upgraded Maplebear from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 15th. BNP Paribas Exane raised Maplebear from an “underperform” rating to a “neutral” rating and set a $56.00 price target for the company in a research report on Friday, August 7th. Finally, Needham & Company LLC boosted their price target on Maplebear from $55.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Maplebear presently has an average rating of “Moderate Buy” and a consensus price target of $58.53.

Get Our Latest Analysis on CART

Maplebear Stock Down 2.9%

CART stock traded down $1.62 during trading hours on Monday, hitting $54.82. The company’s stock had a trading volume of 2,965,722 shares, compared to its average volume of 4,405,596. The company has a market capitalization of $12.69 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 1.10 and a beta of 0.87. Maplebear has a 12 month low of $32.73 and a 12 month high of $57.98. The stock has a 50 day moving average price of $48.20 and a two-hundred day moving average price of $45.22.

Maplebear (NASDAQ:CART – Get Free Report) last announced its quarterly 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 analyst estimates of $1.03 billion. Maplebear had a return on equity of 20.19% and a net margin of 11.97%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. Sell-side analysts expect that Maplebear will post 2.33 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Lisa Blackwood-Kapral sold 3,016 shares of the firm’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $49.58, for a total value of $149,533.28. Following the sale, the chief accounting officer owned 34,699 shares in the company, valued at approximately $1,720,376.42. This trade represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Gupta sold 150,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $50.61, for a total transaction of $7,591,500.00. Following the transaction, the director directly owned 591,523 shares in the company, valued at $29,936,979.03. This trade represents a 20.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 285,263 shares of company stock valued at $14,641,173 in the last ninety days. Company insiders own 24.00% of the company’s stock.

Hedge Funds Weigh In On Maplebear

Several large investors have recently bought and sold shares of CART. NFSG Corp acquired a new stake in Maplebear in the 3rd quarter worth $26,000. Root Financial Partners LLC bought a new position in shares of Maplebear during the 3rd quarter worth about $27,000. Pinnacle Bancorp Inc. acquired a new position in shares of Maplebear during the first quarter valued at about $25,000. CX Institutional raised its position in shares of Maplebear by 91.5% during the third quarter. CX Institutional now owns 944 shares of the company’s stock valued at $41,000 after buying an additional 451 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Maplebear by 94.7% during the second quarter. Versant Capital Management Inc now owns 1,215 shares of the company’s stock valued at $58,000 after buying an additional 591 shares during the last quarter. 63.09% of the stock is currently owned by institutional investors and hedge funds.

Maplebear Company Profile

(Get Free Report)

Maplebear Inc, doing business as Instacart, operates a technology-enabled grocery marketplace that connects consumers with retailers and personal shoppers. Through its website and mobile applications, customers can order groceries and other household products for delivery or pickup from participating supermarkets, specialty food stores, convenience retailers and other merchants.

The company also provides retailers with e-commerce, fulfillment and advertising solutions. Its platform supports online storefronts, order management, delivery logistics, customer engagement and data-driven marketing, allowing retail partners to offer digital shopping services and reach consumers through Instacart’s marketplace.

Founded in 2012, Maplebear serves customers across the United States and Canada.

Further Reading

Analyst Recommendations for Maplebear (NASDAQ:CART)

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