Maplebear (NASDAQ:CART) Stock Rating Cut to “Hold” at Needham & Company LLC

Posted by on Oct 31st, 2026

Needham & Company LLC lowered shares of Maplebear (NASDAQ:CART – Free Report) from a buy rating to a hold rating in a research report released on Friday,Benzinga reports.

Several other brokerages have also issued reports on CART. JPMorgan Chase & Co. upped their target price on Maplebear from $55.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Barclays boosted their target price on shares of Maplebear from $69.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Guggenheim boosted their price objective on shares of Maplebear from $44.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Benchmark raised their target price on Maplebear from $55.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Argus increased their price objective on Maplebear from $50.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Ten equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $58.33.

Check Out Our Latest Stock Analysis on Maplebear

Maplebear Price Performance

Shares of CART stock opened at $56.45 on Friday. The company has a market cap of $13.07 billion, a P/E ratio of 26.56, a PEG ratio of 1.12 and a beta of 0.87. The stock’s 50-day moving average is $49.05 and its 200 day moving average is $43.31. Maplebear has a 1-year low of $32.73 and a 1-year high of $62.00.

Maplebear (NASDAQ:CART – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.60 earnings per share (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 analysts’ expectations of $1.07 billion. Maplebear had a return on equity of 22.50% and a net margin of 11.59%. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 EPS. On average, analysts anticipate that Maplebear will post 2.31 EPS for the current year.

Insider Buying and Selling at Maplebear

In other news, Director Ravi Gupta sold 150,000 shares of Maplebear stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $50.61, for a total value of $7,591,500.00. Following the sale, the director directly owned 591,523 shares of the company’s stock, valued at $29,936,979.03. The trade was a 20.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Morgan Fong sold 18,390 shares of the stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $51.00, for a total value of $937,890.00. Following the completion of the transaction, the insider directly owned 529,911 shares of the company’s stock, valued at approximately $27,025,461. This represents a 3.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 309,928 shares of company stock valued at $16,121,073. Corporate insiders own 24.00% of the company’s stock.

Institutional Trading of Maplebear

Several large investors have recently bought and sold shares of CART. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Maplebear during the 3rd quarter worth approximately $601,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Maplebear in the third quarter valued at about $87,000. Vise Technologies Inc. purchased a new position in Maplebear during the third quarter worth about $716,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of Maplebear by 16.9% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 97,550 shares of the company’s stock worth $4,206,000 after buying an additional 14,100 shares during the last quarter. Finally, Motley Fool Asset Management LLC raised its position in shares of Maplebear by 7.3% during the 3rd quarter. Motley Fool Asset Management LLC now owns 8,750 shares of the company’s stock valued at $377,000 after buying an additional 592 shares during the period. Hedge funds and other institutional investors own 63.09% of the company’s stock.

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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