Maplebear (NASDAQ:CART) Downgraded by Barclays to Equal Weight

Posted by on Oct 31st, 2026

Barclays cut shares of Maplebear (NASDAQ:CART – Free Report) from an overweight rating to an equal weight rating in a research note released on Friday morning,Benzinga reports. Barclays currently has $65.00 price target on the stock, down from their prior price target of $77.00.

CART has been the topic of several other reports. Guggenheim raised their target price on Maplebear from $44.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, August 7th. JPMorgan Chase & Co. upped their price target on Maplebear from $55.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Cantor Fitzgerald lowered Maplebear from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $63.00 to $65.00 in a report on Friday. Wedbush began coverage on Maplebear in a report on Thursday, July 16th. They set an “outperform” rating and a $59.00 price objective on the stock. Finally, Citizens Jmp raised their price objective on Maplebear from $60.00 to $65.00 and gave the company a “market outperform” rating in a research note on Monday, October 26th. Ten research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $58.33.

Read Our Latest Analysis on CART

Maplebear Price Performance

Shares of Maplebear stock opened at $56.45 on Friday. The firm has a market cap of $13.07 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 1.12 and a beta of 0.87. The stock has a 50-day simple moving average of $49.05 and a 200-day simple moving average of $43.31. Maplebear has a 52-week low of $32.73 and a 52-week high of $62.00.

Maplebear (NASDAQ:CART – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. Maplebear had a return on equity of 22.50% and a net margin of 11.59%. The company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 EPS. As a group, equities research analysts predict that Maplebear will post 2.31 earnings per share for the current year.

Insider Transactions at Maplebear

In related news, CAO Lisa Blackwood-Kapral sold 3,017 shares of Maplebear stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $47.08, for a total value of $142,040.36. Following the transaction, the chief accounting officer owned 37,715 shares in the company, valued at $1,775,622.20. This trade represents a 7.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 of the company’s stock, valued at approximately $29,936,979.03. This represents a 20.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 309,928 shares of company stock worth $16,121,073. Corporate insiders own 24.00% of the company’s stock.

Hedge Funds Weigh In On Maplebear

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Maplebear in the second quarter valued at about $750,477,000. Dimensional Fund Advisors LP grew its position in Maplebear by 31.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,981,960 shares of the company’s stock worth $186,618,000 after buying an additional 1,189,287 shares in the last quarter. William Blair Investment Management LLC bought a new position in Maplebear during the second quarter valued at about $86,462,000. Renaissance Technologies LLC increased its stake in Maplebear by 10.0% during the first quarter. Renaissance Technologies LLC now owns 1,567,054 shares of the company’s stock valued at $58,702,000 after acquiring an additional 142,600 shares during the period. Finally, Bank of America Corp DE raised its holdings in Maplebear by 16.5% in the 1st quarter. Bank of America Corp DE now owns 1,562,097 shares of the company’s stock valued at $58,516,000 after acquiring an additional 221,036 shares in the last quarter. 63.09% of the stock is currently owned by institutional investors.

Trending Headlines about Maplebear

Here are the key news stories impacting Maplebear this week:

  • Positive Sentiment: DoorDash agreed to acquire Maplebear, which operates as Instacart, in a cash-and-stock transaction valued at approximately $17 billion. Maplebear shareholders are expected to receive $65 in cash, 0.3372 shares of DoorDash, or a combination subject to proration. The offer provides a potential premium if the transaction closes. Shareholder Alert: The M&A Class Action Firm Announces an Investigation of Maplebear Inc.
  • Positive Sentiment: The proposed combination would unite DoorDash’s restaurant-delivery network with Instacart’s grocery platform. Management expects at least $500 million in operational efficiencies and believes greater scale could improve delivery economics and competition with Amazon and Walmart. DoorDash to acquire Instacart for $17B
  • Neutral Sentiment: Maplebear’s third-quarter revenue increased 16.6% year over year to roughly $1.1 billion, while earnings rose to $0.60 per share from $0.42. However, earnings missed estimates of approximately $0.63-$0.64 per share. Maplebear Q3 Earnings Miss Estimates
  • Negative Sentiment: The wide gap between CART’s trading level and the $65 offer indicates that investors doubt the transaction will close quickly or successfully. The companies expect closing in late 2027 or the first half of 2028, leaving shareholders exposed to regulatory and execution risk for as long as two years. Maplebear also suspended forward guidance and canceled its scheduled earnings call. DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
  • Negative Sentiment: Antitrust scrutiny is a major concern because the deal would combine two leading U.S. delivery platforms. Worker advocates and New York City officials have criticized the transaction over possible higher prices, reduced competition and weaker worker bargaining power.
  • Negative Sentiment: Several analysts downgraded Maplebear to neutral, equal weight or hold, including Barclays, Needham, Cantor Fitzgerald, Citizens JMP and Bernstein. Although some firms retained $65 price targets, the ratings signal limited confidence in upside before the merger’s outcome is clearer. Law firms have also announced investigations into whether shareholders are receiving a fair price and whether directors fulfilled their fiduciary duties.

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.

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