Morgan Stanley Initiates Coverage On Maplebear with Equal-Weight Rating, Announces Price Target of $28
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Nowak has initiated coverage on Maplebear, listed as CART on NASDAQ, with an Equal-Weight rating and a price target of $28.

January 30, 2024 | 12:37 pm
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NEUTRAL IMPACT
Morgan Stanley has initiated coverage on Maplebear with an Equal-Weight rating and a price target of $28, which could influence the stock's performance.
The initiation of coverage by a major analyst like Morgan Stanley typically garners attention from investors and can affect a stock's short-term performance. However, an Equal-Weight rating suggests a neutral outlook, meaning the stock is expected to perform in line with the market or sector average. Therefore, the impact on the stock price may be moderate. The price target of $28 provides a reference point for investors but does not imply significant upside or downside from the current trading price, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100