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

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

Deep-pocketed investors have shown a bullish sentiment towards Maplebear (NASDAQ:CART), with a significant move in options trading observed. Benzinga's options scanner revealed 9 extraordinary activities, with 77% of investors leaning bullish. The expected price range for CART is between $29.5 to $37.0 over the next three months. The largest trades include bullish calls with strike prices ranging from $31.00 to $33.00. Maplebear, doing business as Instacart, has seen its stock price increase by 3.61% to $30.96. Analysts have mixed views, with an average target price of $34.5.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 3:01 pm

Quest Diagnostics and Instacart have announced a collaboration through Pack Health, a Quest subsidiary, to enhance food access and promote healthy eating in underserved US communities. This partnership integrates patient health coaching with nutritious grocery delivery.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:00 pm

Sony Group Corporation's shares fell by 6.3% after reporting Q3 financial results with sales growth of 22% and an EPS beat, but revised its FY23 sales outlook downwards. Other stocks showed significant movements, with notable gainers including Datasea Inc., Earlyworks Co., Ltd., and enGene Holdings Inc., and losers like Azitra, Inc., Ohmyhome Limited, and QuidelOrtho Corporation.

Portfolio Pulse from Avi Kapoor

February 14, 2024 | 6:18 pm

Maplebear shares are trading lower following the announcement of their Q4 financial results, indicating a negative market reaction to the reported figures.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 5:52 pm

Sequoia Capital USV XIV Holdco, Ltd. reported a 9.2% stake in Maplebear Inc. as of December 31, 2023, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 3:36 pm

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