Cantor Fitzgerald Increases Maplebear (NASDAQ:CART) Price Target to $63.00

Maplebear (NASDAQ:CART) had its price objective increased by equities research analysts at Cantor Fitzgerald from $56.00 to $63.00 in a report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 39.91% from the stock’s previous close.

A number of other equities analysts also recently commented on CART. Barclays lifted their target price on Maplebear from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Citizens Jmp reiterated a “market outperform” rating and set a $60.00 price target on shares of Maplebear in a research report on Monday, June 15th. Wells Fargo & Company raised their price target on Maplebear from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Wall Street Zen upgraded Maplebear from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Finally, Raymond James Financial upgraded Maplebear from a “hold” rating to a “moderate buy” rating in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $52.10.

Maplebear Stock Performance

Maplebear stock opened at $45.03 on Friday. The firm’s 50-day moving average is $44.77 and its 200-day moving average is $40.82. Maplebear has a 1 year low of $32.73 and a 1 year high of $53.50. The company has a market cap of $10.58 billion, a P/E ratio of 25.16, a PEG ratio of 0.62 and a beta of 0.78.

Maplebear (NASDAQ:CART) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.09). The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Maplebear had a net margin of 12.50% and a return on equity of 18.67%. Maplebear’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 EPS. As a group, sell-side analysts predict that Maplebear will post 2.47 earnings per share for the current year.

Insider Buying and Selling

In other Maplebear news, Director Ravi Gupta sold 181,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $41.51, for a total value of $7,513,310.00. Following the sale, the director owned 741,523 shares in the company, valued at approximately $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 can be accessed through this link. Company insiders own 24.00% of the company’s stock.

Hedge Funds Weigh In On Maplebear

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position in Maplebear by 51.2% during the 1st quarter. Royal Bank of Canada now owns 131,789 shares of the company’s stock worth $5,256,000 after acquiring an additional 44,642 shares during the period. NewEdge Advisors LLC raised its stake in shares of Maplebear by 71.6% during the first quarter. NewEdge Advisors LLC now owns 1,673 shares of the company’s stock valued at $67,000 after purchasing an additional 698 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Maplebear by 358.5% in the first quarter. Jones Financial Companies Lllp now owns 3,200 shares of the company’s stock worth $128,000 after purchasing an additional 2,502 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Maplebear by 17.4% in the first quarter. Goldman Sachs Group Inc. now owns 390,711 shares of the company’s stock worth $15,585,000 after purchasing an additional 57,879 shares during the period. Finally, Empowered Funds LLC bought a new position in Maplebear in the 1st quarter valued at about $268,000. 63.09% of the stock is owned by institutional investors.

Key Maplebear News

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: Second-quarter GTV and revenue each increased 14% year over year. Revenue reached $1.04 billion, slightly exceeding Wall Street’s $1.03 billion estimate, indicating continued demand for Instacart’s online grocery marketplace. Instacart Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Adjusted EBITDA rose 19% year over year to $313 million, while GAAP net income was $111 million. The results suggest that Maplebear is expanding its core business while maintaining strong cash-generation potential. Instacart’s core business delivers double-digit GTV, revenue growth, EPS misses
• Positive Sentiment: Management issued a third-quarter outlook above analyst expectations, signaling confidence that online grocery demand and marketplace momentum will continue. This forward guidance may help offset the quarterly earnings shortfall. Maplebear Inc. Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Key operating metrics generally showed year-over-year improvement, but investors may focus on whether growth is translating into consistent per-share earnings and sustainable margins. Maplebear Q2 Earnings Key Metrics
• Negative Sentiment: Adjusted earnings were $0.45 per share, below consensus estimates ranging from $0.54 to $0.55. Although EPS improved from $0.41 a year earlier, the miss raises concerns about profitability and is likely the main reason the stock has decreased despite strong revenue growth. Maplebear Misses Q2 Earnings Estimates

Maplebear Company Profile

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.