The Latest Analyst Ratings For Maplebear
Portfolio Pulse from Benzinga Insights
Maplebear (NASDAQ:CART), also known as Instacart, has received diverse analyst ratings over the last three months, with a recent shift towards more bullish sentiments. The average 12-month price target has increased to $36.00, reflecting a 4.86% rise from the previous target. Analysts from firms like JP Morgan, Piper Sandler, and Bernstein have raised their price targets, indicating a positive outlook on the company's performance. Instacart's business model, market capitalization, and financial metrics such as revenue growth, net margin, ROE, and ROA are highlighted, showcasing its market position and financial health.
March 25, 2024 | 4:07 pm
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POSITIVE IMPACT
Maplebear, known as Instacart, has seen a positive shift in analyst ratings with an increased average price target of $36.00, indicating a bullish outlook. The company's strong financial performance and market position are likely to support this positive sentiment.
The increase in the average price target and positive analyst ratings reflect a bullish sentiment towards Maplebear. The company's financial health, including revenue growth, net margin, ROE, and ROA, alongside its market capitalization, supports this outlook. Given these factors, the short-term impact on CART's stock price is likely to be positive.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100