Maplebear (NASDAQ:CART) Stock Rating Upgraded by Wall Street Zen

Posted by Brenda Bartman on Jul 20th, 2026

Maplebear (NASDAQ:CART – Get Free Report) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

CART has been the topic of a number of other reports. Barclays upped their target price on Maplebear from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Wedbush began coverage on shares of Maplebear in a research report on Thursday. They set an “outperform” rating and a $59.00 price target for the company. Jefferies Financial Group upgraded shares of Maplebear from a “hold” rating to a “buy” rating and lifted their price target for the stock from $38.00 to $45.00 in a research note on Monday, March 30th. Citizens Jmp restated a “market outperform” rating and issued a $60.00 price target on shares of Maplebear in a research note on Monday, June 15th. 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 assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.86.

Read Our Latest Research Report on Maplebear

Maplebear Stock Performance

Shares of NASDAQ CART opened at $45.82 on Friday. Maplebear has a 1 year low of $32.73 and a 1 year high of $53.50. The firm has a market cap of $10.77 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 0.63 and a beta of 0.75. The stock’s 50-day simple moving average is $43.50 and its 200-day simple moving average is $40.62.

Maplebear (NASDAQ:CART – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). Maplebear had a return on equity of 18.67% and a net margin of 12.50%.The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm posted $0.37 EPS. The company’s revenue was up 13.6% compared to the same quarter last year. As a group, research analysts predict that Maplebear will post 2.46 EPS for the current year.

Insider Transactions at Maplebear

In other Maplebear news, Director Ravi Gupta sold 181,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $41.51, for a total transaction of $7,513,310.00. Following the sale, the director owned 741,523 shares in the company, valued at $30,780,619.73. This represents a 19.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 24.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CART. State Street Corp raised its position in shares of Maplebear by 1.0% during the 4th quarter. State Street Corp now owns 5,461,637 shares of the company’s stock valued at $245,664,000 after acquiring an additional 54,872 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Maplebear by 31.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,981,960 shares of the company’s stock worth $186,618,000 after purchasing an additional 1,189,287 shares during the period. Viking Global Investors LP acquired a new position in Maplebear in the second quarter worth $169,782,000. Geode Capital Management LLC increased its stake in Maplebear by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 3,526,124 shares of the company’s stock valued at $158,640,000 after purchasing an additional 54,010 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in Maplebear by 3.2% during the fourth quarter. Federated Hermes Inc. now owns 3,287,952 shares of the company’s stock valued at $147,892,000 after purchasing an additional 101,278 shares during the last quarter. Institutional investors and hedge funds own 63.09% of the company’s stock.

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.