Maplebear shares are trading higher after Wolfe Research upgraded the stock from Peer Perform to Outperform and announced a $35 price target.
Portfolio Pulse from Benzinga Newsdesk
Maplebear shares have risen following an upgrade from Wolfe Research, which changed its rating from Peer Perform to Outperform and set a price target of $35.
January 17, 2024 | 3:45 pm
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POSITIVE IMPACT
Maplebear, which trades under the ticker CART, has received a positive analyst rating upgrade from Wolfe Research and a new price target of $35, indicating potential upside.
Analyst upgrades typically lead to a positive short-term reaction in a stock's price as they suggest a better-than-expected future performance. The new price target of $35 by Wolfe Research is likely to set a bullish tone for Maplebear's stock, potentially attracting more investors and driving up the price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100