Maplebear (NASDAQ:CART) Raised to “Neutral” at BNP Paribas Exane

Maplebear (NASDAQ:CART) was upgraded by BNP Paribas Exane from an “underperform” rating to a “neutral” rating in a research report issued on Friday. The firm currently has a $56.00 target price on the stock. BNP Paribas Exane’s price target would suggest a potential upside of 24.36% from the company’s previous close.

CART has been the subject of a number of other research reports. Guggenheim upped their target price on Maplebear from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Needham & Company LLC restated a “buy” rating and issued a $55.00 price objective on shares of Maplebear in a research note on Thursday, May 7th. Raymond James Financial upgraded shares of Maplebear from a “hold” rating to a “moderate buy” rating in a research note on Thursday, April 9th. Wall Street Zen upgraded shares of Maplebear from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Finally, Cantor Fitzgerald boosted their target price on shares of Maplebear from $56.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Maplebear presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.81.

Maplebear Price Performance

Maplebear stock opened at $45.03 on Friday. Maplebear has a one year low of $32.73 and a one year high of $53.50. The company’s fifty day moving average price is $44.77 and its two-hundred day moving average price is $40.82. The company has a market capitalization of $10.58 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 0.62 and a beta of 0.78.

Maplebear (NASDAQ:CART) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.09). The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Maplebear had a return on equity of 18.67% and a net margin of 12.50%.The business’s revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. As a group, sell-side analysts anticipate that Maplebear will post 2.47 earnings per share for the current year.

Insider Activity at Maplebear

In other news, Director Ravi Gupta sold 181,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $41.51, for a total transaction of $7,513,310.00. Following the completion of the transaction, the director directly owned 741,523 shares in the company, valued at $30,780,619.73. The trade was a 19.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 24.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Maplebear

A number of institutional investors and hedge funds have recently bought and sold shares of CART. Pinnacle Bancorp Inc. acquired a new position in Maplebear during the 1st quarter valued at $25,000. PenderFund Capital Management Ltd. acquired a new stake in Maplebear in the 4th quarter worth $27,000. Allworth Financial LP grew its position in Maplebear by 35.7% in the 3rd quarter. Allworth Financial LP now owns 928 shares of the company’s stock worth $34,000 after purchasing an additional 244 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Maplebear by 761.3% during the 4th quarter. IFP Advisors Inc now owns 956 shares of the company’s stock worth $43,000 after purchasing an additional 845 shares during the period. Finally, Sunbelt Securities Inc. increased its holdings in shares of Maplebear by 212.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,157 shares of the company’s stock worth $43,000 after purchasing an additional 787 shares during the period. Institutional investors own 63.09% of the company’s stock.

More Maplebear News

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: Second-quarter GTV and revenue each increased 14% year over year. Revenue reached $1.04 billion, slightly exceeding Wall Street’s $1.03 billion estimate, indicating continued demand for Instacart’s online grocery marketplace. Instacart Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Adjusted EBITDA rose 19% year over year to $313 million, while GAAP net income was $111 million. The results suggest that Maplebear is expanding its core business while maintaining strong cash-generation potential. Instacart’s core business delivers double-digit GTV, revenue growth, EPS misses
• Positive Sentiment: Management issued a third-quarter outlook above analyst expectations, signaling confidence that online grocery demand and marketplace momentum will continue. This forward guidance may help offset the quarterly earnings shortfall. Maplebear Inc. Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Key operating metrics generally showed year-over-year improvement, but investors may focus on whether growth is translating into consistent per-share earnings and sustainable margins. Maplebear Q2 Earnings Key Metrics
• Negative Sentiment: Adjusted earnings were $0.45 per share, below consensus estimates ranging from $0.54 to $0.55. Although EPS improved from $0.41 a year earlier, the miss raises concerns about profitability and is likely the main reason the stock has decreased despite strong revenue growth. Maplebear Misses Q2 Earnings Estimates

Maplebear Company Profile

Maplebear, Inc, doing business as Instacart, operates a leading online grocery and essentials marketplace that connects consumers, retail partners and personal shoppers through its digital platform. The company enables customers to order groceries, household items and specialty products for same-day or scheduled delivery, as well as in-store pickup. By integrating its technology with retailers’ existing inventory and point-of-sale systems, Maplebear streamlines the shopping experience and provides real-time availability and pricing.

Founded in 2012 and headquartered in San Francisco, Maplebear has grown from a regional startup to a publicly traded company listed on NASDAQ under the ticker CART.