Key Takeaways From Maplebear Analyst Ratings
Portfolio Pulse from Benzinga Insights
Maplebear (NASDAQ:CART), also known as Instacart, has received mixed analyst ratings over the past three months, with a recent trend towards more bullish sentiments. Six analysts have provided ratings, with the latest average 12-month price target at $30.67, slightly up from the previous $30.33. The company has shown a strong revenue growth rate of 14.37% as of September 30, 2023, but struggles with profitability, having a net margin of -261.65% and an ROE of -108.79%. Despite these challenges, its market capitalization is above industry average, and it has a low debt-to-equity ratio of 0.01.
January 22, 2024 | 3:00 pm
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POSITIVE IMPACT
Maplebear, known as Instacart, has a mixed outlook with recent analyst ratings leaning bullish and a slight increase in the average price target to $30.67. The company's strong revenue growth contrasts with its poor profitability metrics.
The short-term impact on CART's stock price is likely to be positive due to the recent bullish analyst ratings and the slight increase in the average price target. However, concerns about profitability and below-average net margin and ROE may temper investor enthusiasm. The company's strong revenue growth and above-average market capitalization suggest investor confidence, which could support the stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100