Citigroup Maintains Buy on Maplebear, Raises Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ronald Josey has maintained a Buy rating on Maplebear (NASDAQ:CART) and increased the price target from $42 to $44.
May 09, 2024 | 6:19 pm
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Citigroup has reaffirmed its Buy rating on Maplebear and raised the price target to $44, indicating a positive outlook on the stock.
The upgrade in the price target by a reputable analyst like Ronald Josey from Citigroup typically signals a strong conviction in the company's future performance. This endorsement can lead to increased investor confidence and potentially drive the stock price up in the short term.
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IMPORTANCE 90
RELEVANCE 100