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

MoffettNathanson analyst Michael Morton reiterates a Neutral rating on Maplebear (NASDAQ:CART) and raises the price target from $36 to $37.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 3:27 pm

PubMatic (NASDAQ:PUBM) has announced a partnership with Instacart (NASDAQ:CART) to utilize Instacart's first-party retail media data for programmatic advertising on CTV and premium video campaigns. This collaboration aims to enhance advertising ROI by leveraging a privacy-compliant, scalable solution through PubMatic's Convert. Mars, a leading brand, will be among the first to activate this data for its campaigns. The partnership is part of PubMatic's broader strategy to expand its commerce media solutions, including the launch of Convert, a platform designed to streamline commerce media advertising.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 1:09 pm

Baird analyst Colin Sebastian has maintained an Outperform rating on Maplebear (NASDAQ:CART) and increased the price target from $31 to $44.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 5:47 pm

SpaceX, valued at around $175 billion, is a hot prospect for investors, though it hasn't announced an IPO date. Investors can gain exposure to SpaceX through private equity firms like Stack Capital (TSX:STCK) that hold its shares. The IPO market has been sluggish, but recent successful listings like Astera Labs Inc (NASDAQ:ALAB) and Reddit Inc (NYSE:RDDT) could rejuvenate interest. Stack Capital's portfolio includes other pre-IPO companies, indicating a robust private market for blue-chip firms.

Portfolio Pulse from Neil Dennis

March 28, 2024 | 1:49 pm

JPMorgan analyst Cory A. Carpenter discussed insights from a meeting with Match Group Inc's CEO, Bernard Kim, focusing on Tinder's strategy of incremental innovations and its impact on user engagement and conversion rates. The strategy includes tailored subscription offerings and localized features, aiming to enhance the user experience without major changes to its core swiping mechanism. Additionally, recent board additions at Match Group, including executives from Instacart and Zillow Group, signal a commitment to product and marketing innovation. Despite a downward revision in revenue estimates for the online dating industry, a positive long-term growth outlook is maintained.

Portfolio Pulse from Surbhi Jain

March 28, 2024 | 1:22 pm

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

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