What 10 Analyst Ratings Have To Say About Maplebear
Portfolio Pulse from Benzinga Insights
In the past three months, Maplebear (NASDAQ:CART) received 10 analyst ratings, showing a mix of bullish to bearish sentiments. The average 12-month price target is $41.0, indicating an 18.12% increase from the previous target of $34.71. Analysts have adjusted their ratings and price targets, reflecting their evolving expectations for Maplebear, which operates as Instacart. The company has shown a revenue growth rate of 6.08% as of December 31, 2023, a net margin of 16.56%, and an impressive ROE of 3.68%, despite lagging behind industry peers in revenue growth.
April 23, 2024 | 6:01 pm
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POSITIVE IMPACT
Maplebear has received mixed analyst ratings but shows a positive trend with an updated average price target of $41.0, reflecting an 18.12% increase. The company's financial performance, including a 6.08% revenue growth and a net margin of 16.56%, supports a bullish outlook despite lagging behind industry peers in revenue growth.
The positive adjustment in Maplebear's price target by analysts, coupled with its strong financial indicators such as revenue growth and net margin, suggests a bullish short-term impact on its stock price. The unanimous upward revision in price targets and the company's solid financial performance, despite being behind its peers in revenue growth, indicate confidence in its market position and potential for growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100