Morgan Stanley Maintains Equal-Weight on Maplebear, Lowers Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Nowak maintains an Equal-Weight rating on Maplebear (NASDAQ:CART) but lowers the price target from $45 to $41.
September 24, 2024 | 11:28 am
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Morgan Stanley has maintained its Equal-Weight rating on Maplebear but has lowered the price target from $45 to $41, indicating a more cautious outlook.
The lowering of the price target by Morgan Stanley suggests a more cautious outlook on Maplebear's future performance, which could lead to a negative short-term impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target is likely to weigh on investor sentiment.
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