Maplebear (NASDAQ:CART) Given New $58.00 Price Target at Citigroup

Posted by Brian Himes on Aug 10th, 2026

Maplebear (NASDAQ:CART – Get Free Report) had its price target upped by stock analysts at Citigroup from $50.00 to $58.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 16.72% from the stock’s current price.

CART has been the topic of several other reports. Guggenheim upped their price target on shares of Maplebear from $44.00 to $46.00 and gave the company a “neutral” rating in a report on Friday. Wells Fargo & Company raised their target price on shares of Maplebear from $47.00 to $54.00 and gave the stock an “equal weight” rating in a report on Friday. Barclays upped their price target on Maplebear from $69.00 to $77.00 and gave the company an “overweight” rating in a report on Friday. Oppenheimer lifted their target price on Maplebear from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Cantor Fitzgerald lifted their price target on Maplebear from $56.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $55.52.

Read Our Latest Stock Analysis on CART

Maplebear Stock Down 1.0%

Maplebear stock traded down $0.48 during trading hours on Monday, hitting $49.69. 959,971 shares of the company traded hands, compared to its average volume of 4,539,628. Maplebear has a 1-year low of $32.73 and a 1-year high of $52.31. The firm has a market cap of $11.68 billion, a P/E ratio of 27.19, a P/E/G ratio of 0.69 and a beta of 0.78. The firm’s 50-day simple moving average is $44.97 and its two-hundred day simple moving average is $40.90.

Maplebear (NASDAQ:CART – Get Free Report) last posted 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 company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Maplebear had a net margin of 11.97% and a return on equity of 20.19%. The company’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the business earned $0.41 earnings per share. On average, equities research analysts predict that Maplebear will post 2.43 earnings per share for the current year.

Insider Activity at Maplebear

In other Maplebear news, Director Ravi Gupta sold 181,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director owned 741,523 shares in the company, valued at $30,780,619.73. This trade represents a 19.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 24.00% of the company’s stock.

Institutional Trading of Maplebear

A number of hedge funds and other institutional investors have recently made changes to their positions in CART. BlackRock Inc. acquired a new position in shares of Maplebear during the second quarter worth approximately $750,477,000. State Street Corp boosted its position in Maplebear by 1.0% in the 4th quarter. State Street Corp now owns 5,461,637 shares of the company’s stock valued at $245,664,000 after buying an additional 54,872 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Maplebear by 31.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,981,960 shares of the company’s stock valued at $186,618,000 after buying an additional 1,189,287 shares during the period. Viking Global Investors LP acquired a new position in shares of Maplebear during the second quarter valued at $169,782,000. Finally, Geode Capital Management LLC boosted its holdings in Maplebear by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 3,526,124 shares of the company’s stock valued at $158,640,000 after acquiring an additional 54,010 shares during the last quarter. 63.09% of the stock is currently owned by institutional investors and hedge funds.

Maplebear News Roundup

Here are the key news stories impacting Maplebear this week:

Positive Sentiment: Expanded marketplace partnership: Instacart is adding Academy Sports + Outdoors’ products to its marketplace, enabling same-day delivery—potentially in as little as one hour—across sporting goods, outdoor equipment, apparel, footwear and private-label brands. The agreement broadens CART beyond groceries, could increase order volume and customer engagement, and offers products without markups. Instacart and Academy Sports + Outdoors Team Up for Same-Day Delivery in as Fast as an Hour
Positive Sentiment: Analyst sentiment improved: BNP Paribas Exane upgraded Maplebear, adding to the bullish tone around the stock. Multiple analysts also raised their price targets to $54, $62, $63, $65 and $77, signaling greater confidence in CART’s growth prospects and valuation. Maplebear Upgraded at BNP Paribas Exane Maplebear Price Target Raised to $63.00 Maplebear Price Target Raised to $62.00 Maplebear Price Target Raised to $54.00 Maplebear Price Target Raised to $65.00 Maplebear Price Target Raised to $63.00 Maplebear Price Target Raised to $77.00
Neutral Sentiment: International expansion: A new European partnership highlights Instacart’s efforts to expand outside North America, which could create longer-term growth opportunities but also introduces execution and competitive risks. Why Is Maplebear Pushing Further Into Europe Through A New Partnership?
Neutral Sentiment: Mixed valuation signals: One analyst raised CART’s target to $46, below the stock’s opening price, while Wells Fargo maintained a Hold rating. These actions temper the otherwise positive analyst momentum and suggest some investors remain cautious about valuation. Maplebear Price Target Raised to $46.00 Wells Fargo Sticks to Its Hold Rating for Maplebear

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.

Analyst Recommendations for Maplebear (NASDAQ:CART)

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