Streetbeat News

CART

Instacart (Maplebear Inc.)

https://www.instacart.com

Industry

Specialty Retail

Maplebear Inc., doing business as Instacart, provides online grocery shopping services to households in North America. The company connects the consumer with a personal shopper to shop and deliver a range of products, such as food, alcohol, consumer health, pet care, ready-made meals, and others. The company offers its services through a mobile application or website. The company was incorporated in 2012 and is based in San Francisco, California.

Open

42.86

Mkt cap

11B

Volume

6.6M

High

42.93

P/E Ratio

-7.55

52-wk high

50.01

Low

40.88

Div yield

N/A

52-wk low

22.13

Maplebear (CART) has been upgraded to a Zacks Rank #2 (Buy), indicating positive sentiment about its earnings prospects, which could lead to a stock price increase.

Portfolio Pulse from

November 07, 2024 | 6:15 pm

The article compares the performance of Maplebear Inc. (CART) and Brinker International (EAT) against their retail-wholesale sector peers for the year.

Portfolio Pulse from

November 07, 2024 | 4:00 pm

Instacart has announced that new grocers, including ALDI, Gelson's, and Hornbacher's, are adopting its Carrot Tags technology to enhance in-store experiences. This software integrates with electronic shelf labels to provide additional functionalities like pick to light.

Portfolio Pulse from

November 07, 2024 | 2:15 pm

Instacart has announced that Sprouts, Harmons, The Save Mart Companies, and Rosauers are upgrading to its Storefront Pro e-commerce platform, joining over 600 grocers in enhancing their online sales capabilities.

Portfolio Pulse from

November 06, 2024 | 2:15 pm

Maplebear (CART) is expected to report earnings growth in its upcoming release, with a likely earnings beat due to favorable conditions.

Portfolio Pulse from

November 05, 2024 | 4:30 pm

Stifel analyst Mark Kelley has maintained a Buy rating on Maplebear (NASDAQ:CART) and raised the price target from $52 to $55.