Should I buy or sell Maplebear stock right now?

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Maplebear in the last twelve months. There are currently 10 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CART shares. View CART analyst ratings or view top-rated stocks .

What is Maplebear's stock price target for 2024?

23 analysts have issued twelve-month price targets for Maplebear's shares. Their CART share price targets range from $26.00 to $49.00. On average, they expect the company's stock price to reach $41.05 in the next year. This suggests a possible upside of 19.2% from the stock's current price. View analysts price targets for CART or view top-rated stocks among Wall Street analysts .

How have CART shares performed in 2024?

Maplebear's stock was trading at $23.47 at the start of the year. Since then, CART stock has increased by 46.7% and is now trading at $34.44. View the best growth stocks for 2024 here .

When is Maplebear's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 14th 2024. View our CART earnings forecast .

How were Maplebear's earnings last quarter?

Maplebear Inc. (NASDAQ:CART) announced its earnings results on Wednesday, May, 8th. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.39. The company had revenue of $820 million for the quarter, compared to the consensus estimate of $794.08 million. The company's revenue was up 8.0% on a year-over-year basis.

What ETFs hold Maplebear's stock?

ETFs with the largest weight of Maplebear (NASDAQ:CART) stock in their portfolio include ProShares On-Demand ETF (OND) , Invesco Leisure and Entertainment ETF (PEJ) , Invesco Food & Beverage ETF (PBJ) , Amplify Online Retail ETF (IBUY) , Global X Millennial Consumer ETF (MILN) , IQ U.S. Large Cap R&D Leaders ETF (LRND) and SoFi Social 50 ETF (SFYF) . Renaissance IPO ETF (IPO) .

What other stocks do shareholders of Maplebear own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Maplebear investors own include Ladder Capital (LADR) , Bojangles' (BOJA) , Duke Energy (DUK) , GoPro (GPRO) , Leggett & Platt (LEG) , MGM Resorts International (MGM) , Whirlpool (WHR) , Albemarle (ALB) , TD Ameritrade (AMTD) and Angi (ANGI) .

When did Maplebear IPO?

Maplebear (CART) raised $660 million in an initial public offering (IPO) on Tuesday, September 19th 2023. The company issued 22,000,000 shares at a price of $30.00 per share.

Who are Maplebear's major shareholders?

Maplebear's stock is owned by a variety of retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (1.48%), Capital Research Global Investors (0.48%), Jane Street Group LLC (0.00%), Industry Ventures L.L.C. (0.36%), SG Americas Securities LLC (0.31%) and Lord Abbett & CO. LLC (0.29%). Insiders that own company stock include Alan Ramsay, Fidji Simo, Gcm Grosvenor Inc, Grosvenor Capital Management,, Jeffrey D Jordan, Morgan Fong, Nick Giovanni, Ravi Gupta and Us (Ttgp) Ltd Sc. View institutional ownership trends .

How do I buy shares of Maplebear?

Shares of CART stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:CART

Maplebear (CART) Stock Price, News & Analysis

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Free CART Stock Alerts

$34.44

+1.24 (+3.73%)

(As of 05/17/2024 ET)

Compare

Today's Range: $32.87
▼
$34.66
50-Day Range: $32.85
▼
$39.12
52-Week Range: $22.13
▼
$42.95

Volume: 4.34 million shs
Average Volume: 5.03 million shs
Market Capitalization: $9.18 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $41.05

Get Maplebear alerts:

Maplebear MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.57 Rating Score
Upside/Downside: 19.2% Upside
$41.05 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.46
Based on 16 Articles This Week
Insider Trading: Acquiring Shares
$61.77 M Bought Last Quarter
Proj. Earnings Growth: 27.45%
From $1.02 to $1.30 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.83 out of 5 stars

Business Services Sector

92nd out of 316 stocks

Business Services, Not Elsewhere Classified Industry

40th out of 89 stocks

3.3

Analyst's Opinion

Consensus Rating
Maplebear has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 13 buy ratings, 10 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Maplebear has been the subject of 18 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about Maplebear's stock forecast and price target.

N/A

Short Interest

Short Interest
There is no current short interest data available for CART.

0.0

Dividend Strength

Dividend Yield
Maplebear does not currently pay a dividend.
Dividend Growth
Maplebear does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CART.

3.0

News and Social Media Coverage

News Sentiment
Maplebear has a news sentiment score of 0.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.
News Coverage This Week
MarketBeat has tracked 16 news articles for Maplebear this week, compared to 11 articles on an average week.
Search Interest
21 people have searched for CART on MarketBeat in the last 30 days. This is an increase of 11% compared to the previous 30 days.
MarketBeat Follows
6 people have added Maplebear to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

5.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Maplebear insiders have bought 480.44% more of their company's stock than they have sold. Specifically, they have bought $61,771,955.00 in company stock and sold $10,642,207.00 in company stock.
Percentage Held by Insiders
36.00% of the stock of Maplebear is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
63.09% of the stock of Maplebear is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about Maplebear's insider trading history.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Maplebear are expected to grow by 27.45% in the coming year, from $1.02 to $1.30 per share.
Price to Book Value per Share Ratio
Maplebear has a P/B Ratio of 2.92. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
Read more about Maplebear's valuation and earnings.

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About Maplebear Stock (NASDAQ:CART)

Maplebear Inc., doing business as Instacart, provides online grocery shopping services to households in North America. It sells and delivers grocery products. The company offers its services through a mobile application and website. It also provides software-as-a-service solutions to retailers. The company was incorporated in 2012 and is based in San Francisco, California.

CART Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CART Stock News Headlines

May 2, 2024 | insidertrades.com

Maplebear Inc. (NASDAQ:CART) CEO Fidji Simo Sells 3,236 Shares

April 25, 2024 | insidertrades.com

Maplebear Inc. (NASDAQ:CART) General Counsel Morgan Fong Sells 18,687 Shares

April 20, 2024 | insidertrades.com

Maplebear Inc. (NASDAQ:CART) CFO Sells $369,700.00 in Stock

May 15 at 7:03 PM | seekingalpha.com

Instacart: Buy The Post-Earnings Dip

May 13, 2024 | cnbc.com

Cramer's gig economy roundup: Where he stands on Uber, Lyft, DoorDash and Instacart