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

48.02

Mkt cap

12B

Volume

3.3M

High

48.32

P/E Ratio

-8.58

52-wk high

50.01

Low

46.77

Div yield

N/A

52-wk low

22.13

Instacart (NASDAQ:CART) has launched the Instacart Developer Platform (IDP), a new API program designed to integrate Instacart's online grocery platform functionalities into third-party websites and apps. This initiative aims to enhance digital experiences across various sectors by providing same-day fulfillment, access to a rich item catalog, and real-time inventory updates from local retailers. The platform is expected to benefit developers and companies in food, health, wellness, and lifestyle sectors by enabling seamless integration of grocery shopping into their digital offerings.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 12:10 pm

Reddit Inc (NYSE:RDDT) has seen a surge in bullish options activity since its IPO, with shares climbing significantly. Despite no annual profit since 2005, investor interest remains high, with a focus on call options. Opinions among investors vary, with some skeptical of Reddit's financials and future growth. Comparisons with other IPOs like Instacart (NASDAQ:CART) suggest Reddit's valuation may be more reasonable. The debate between bullish and bearish sentiments continues, with high options premiums indicating uncertainty about Reddit's future.

Portfolio Pulse from Surbhi Jain

March 26, 2024 | 12:39 pm

Insiders at Amazon.com, The Trade Desk, Worthington Enterprises, and Maplebear have recently sold shares. These sales could indicate various sentiments about the companies' future prospects or stock valuations. Notably, each company has had recent developments, such as earnings reports, analyst reiterations, or price target adjustments, which could influence investor perceptions and stock performance.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 12:22 pm

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.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 4:07 pm

JP Morgan analyst Doug Anmuth has maintained an Overweight rating on Maplebear (NASDAQ:CART) and increased the price target from $35 to $45.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 11:51 am

Piper Sandler analyst Alexander Potter maintains an Overweight rating on Maplebear (NASDAQ:CART) and raises the price target from $36 to $45.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:58 am

Wall Street analysts have updated their price targets and ratings for several US-listed companies, including notable changes for UiPath, FTC Solar, SentinelOne, Maplebear, Williams-Sonoma, The Beauty Health Company, Dollar Tree, Summit Materials, Tesla, and Ashland. These adjustments reflect the analysts' latest views on these stocks, with some experiencing price target increases, others decreases, and various rating changes.

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 12:33 pm

Bernstein analyst Nikhil Devnani upgrades Maplebear (NASDAQ:CART) from Market Perform to Outperform and raises the price target from $30 to $43.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 11:44 am

Analysts have mixed views on Maplebear (NASDAQ:CART), with recent ratings ranging from bullish to bearish. The average 12-month price target is $32.43, down 7.34% from previous estimates. Maplebear, known as Instacart, operates in the online grocery delivery and pickup service in the US and Canada. Despite a strong market capitalization and revenue growth of 14.37%, the company faces challenges with a net margin of -261.65%, ROE of -108.79%, and ROA of -48.71%. Its low debt-to-equity ratio of 0.01 indicates minimal reliance on debt financing.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 6:00 pm

Wolfe Research analyst Deepak Mathivanan maintains an Outperform rating on Maplebear (NASDAQ:CART) and raises the price target from $35 to $39.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 5:22 pm

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