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

Instacart has appointed a new Chief Technology Officer, hiring an executive from Uber's delivery engineering team. This move could signal Instacart's focus on enhancing its technology and delivery capabilities.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 5:32 pm

In the past three months, 13 analysts have provided ratings for Maplebear (NASDAQ:CART), with a mix of bullish and indifferent perspectives. The average 12-month price target has increased to $44.15. Maplebear, operating as Instacart, shows strong financial performance with a high net margin and low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 2:00 pm

Maplebear (NYSE:CART) has seen a 13.37% increase in short interest, with 32.56% of its float sold short. This is significantly higher than its peers' average of 5.06%. The high short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 4:45 pm

Instacart and Roku have expanded their advertising partnership to introduce new shoppable formats and targeting capabilities. This collaboration aims to enhance the advertising efforts of consumer-packaged goods companies by making TV moments shoppable and providing valuable insights.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:00 pm

Cantor Fitzgerald's rating for Maplebear was incorrect and has been removed. This correction affects the stock symbol CART, which is associated with Maplebear.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 12:12 pm

Cantor Fitzgerald analyst Deepak Mathivanan has reiterated an Overweight rating on Maplebear (NASDAQ:CART) and maintained a price target of $45.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 2:46 pm

Maplebear shares rose following the announcement of three new capabilities for their Caper Cart product.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 2:35 pm

Instacart has introduced new gamified features, personalized offers, and advertising to enhance the shopping experience. These capabilities are being rolled out with partners like Schnucks, Wakefern Food Corp., General Mills, and PepsiCo. A survey indicates strong consumer interest in AI-powered savings.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 1:03 pm

Family Dollar has partnered with Instacart to accept SNAP/EBT payments for online orders. Previously, Family Dollar only accepted these payments in-person.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 11:21 am

Cantor Fitzgerald analyst Deepak Mathivanan has reiterated an Overweight rating on Maplebear (NASDAQ:CART) and maintained a $45 price target.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 3:58 pm

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