Bernstein Upgrades Maplebear to Outperform, Raises Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Nikhil Devnani upgrades Maplebear (NASDAQ:CART) from Market Perform to Outperform and raises the price target from $30 to $43.

March 14, 2024 | 11:44 am
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POSITIVE IMPACT
Maplebear upgraded to Outperform by Bernstein with a price target increase from $30 to $43.
Analyst upgrades typically lead to positive short-term price movements as they reflect a positive change in the analyst's view of the company's future performance. The significant increase in the price target from $30 to $43 by a reputable analyst suggests a strong conviction in Maplebear's potential, likely leading to increased investor confidence and a positive impact on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100