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

9amHealth and Instacart have partnered to integrate Instacart Health Fresh Funds stipends into 9amHealth's health programs, resulting in increased member enrollment and engagement. This partnership aims to improve health outcomes by providing access to nutritious foods.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 1:05 pm

A U.S. judge has ruled that a New York City law requiring food delivery companies to share customer data with restaurants is unconstitutional, citing a violation of the First Amendment.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:27 pm

B of A Securities has maintained a Neutral rating on Maplebear (NASDAQ:CART) while raising the price target from $41 to $45.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 4:22 pm

Top Wall Street analysts have updated their price targets and ratings for several companies, including Exxon Mobil, Hut 8, McKesson, BioNTech, Banc of California, Maplebear, Comerica, Celsius Holdings, Braze, and Light & Wonder. These changes reflect varying outlooks on the stocks, with some being upgraded and others downgraded.

Portfolio Pulse from Avi Kapoor

September 24, 2024 | 12:50 pm

Morgan Stanley analyst Brian Nowak maintains an Equal-Weight rating on Maplebear (NASDAQ:CART) but lowers the price target from $45 to $41.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 11:28 am

Raymond James has initiated coverage on Maplebear (NASDAQ:CART) with a Market Perform rating, indicating a neutral outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 11:11 am

Maplebear (NASDAQ:CART), known as Instacart, has received diverse analyst ratings over the past three months, with a majority being somewhat bullish. Analysts have set a 12-month average price target of $44.22, reflecting a 4.66% increase from previous estimates. The company shows strong financial health with impressive revenue growth, net margin, ROE, and ROA, and maintains a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

September 23, 2024 | 5:00 pm

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 23, 2024 | 2:05 pm

The Federal Reserve's decision to cut interest rates by 50 basis points led to significant gains in large-cap stocks across various sectors. Constellation Energy, Vistra Inc., and Carvana were among the top performers, with notable stock price increases due to strategic agreements and analyst upgrades.

Portfolio Pulse from Lekha Gupta

September 22, 2024 | 8:43 pm

Three consumer staples stocks, Instacart (CART), US Foods Holding Corp (USFD), and Monster Beverage Corp (MNST), are currently overbought according to their RSI values. Investors may want to reconsider holding these stocks due to potential short-term price corrections.

Portfolio Pulse from Avi Kapoor

September 19, 2024 | 12:37 pm

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