What Analysts Are Saying About Maplebear Stock
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on Maplebear (NASDAQ:CART), with recent ratings ranging from bullish to bearish. The average 12-month price target is $32.43, down 7.34% from previous estimates. Maplebear, known as Instacart, operates in the online grocery delivery and pickup service in the US and Canada. Despite a strong market capitalization and revenue growth of 14.37%, the company faces challenges with a net margin of -261.65%, ROE of -108.79%, and ROA of -48.71%. Its low debt-to-equity ratio of 0.01 indicates minimal reliance on debt financing.
March 05, 2024 | 6:00 pm
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NEUTRAL IMPACT
Maplebear has received mixed analyst ratings with a revised average 12-month price target of $32.43, indicating a negative sentiment shift. The company shows strong revenue growth but struggles with profitability metrics.
The mixed analyst ratings and the decrease in the average price target suggest uncertainty about Maplebear's future stock performance. However, the company's strong revenue growth could offset concerns about its profitability in the short term, leading to a neutral impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100