Wedbush Maintains Neutral on Maplebear, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Scott Devitt has maintained a Neutral rating on Maplebear (NASDAQ:CART) but has lowered the price target from $30 to $26.

December 27, 2023 | 2:08 pm
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NEGATIVE IMPACT
Wedbush analyst Scott Devitt maintains a Neutral rating on Maplebear but reduces the price target from $30 to $26.
The reduction in price target by Wedbush is likely to be viewed negatively by investors, as it suggests a lower expected future stock price for Maplebear. This could lead to a short-term decrease in the stock price of Maplebear.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100