Goldman Sachs Initiates Coverage On Maplebear with Buy Rating, Announces Price Target of $48
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan has initiated coverage on Maplebear (NASDAQ:CART) with a Buy rating and a price target of $48.

October 16, 2023 | 8:33 am
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Goldman Sachs has initiated coverage on Maplebear with a Buy rating and a price target of $48, which could positively impact the stock's performance.
Analyst ratings and price targets can significantly influence a stock's performance. In this case, Goldman Sachs, a highly reputable financial institution, has given Maplebear a Buy rating and a price target of $48. This suggests that they believe the stock is undervalued at its current price and has the potential to reach or exceed $48. This positive outlook could attract more investors to the stock, driving up its price in the short term.
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