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Instacart (Maplebear Inc.) - CART Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $35.46
  • Forecasted Upside: 46.60%
  • Number of Analysts: 17
  • Breakdown:
  • 0 Sell Ratings
  • 8 Hold Ratings
  • 9 Buy Ratings
  • 0 Strong Buy Ratings
$24.19 As of 11/30/2023 01:00 AM ET
▼ -1.32 (-5.17%)

This chart shows the closing price for CART by one month, three months, or twelve months.

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Analyst Price Target for CART

Analyst Price Target is $35.46
▲ +46.60% Upside Potential
This price target is based on 17 analysts offering 12 month price targets for Instacart (Maplebear Inc.) in the last 3 months. The average price target is $35.46, with a high forecast of $48.00 and a low forecast of $30.00. The average price target represents a 46.60% upside from the last price of $24.19.

This chart shows the closing price for CART for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 17 investment analysts is to moderate buy stock in Instacart (Maplebear Inc.). This Moderate Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 9 buy ratings
  • 8 hold ratings
  • 0 sell ratings
Ratings as of
6/8/2022
  • 0 strong buy ratings
  • 9 buy ratings
  • 8 hold ratings
  • 0 sell ratings
Ratings as of
9/6/2022
  • 0 strong buy ratings
  • 9 buy ratings
  • 8 hold ratings
  • 0 sell ratings
Ratings as of
12/5/2022
  • 0 strong buy ratings
  • 9 buy ratings
  • 8 hold ratings
  • 0 sell ratings
Ratings as of
3/5/2023
  • 0 strong buy ratings
  • 9 buy ratings
  • 8 hold ratings
  • 0 sell ratings
Ratings as of
6/3/2023
  • 0 strong buy ratings
  • 9 buy ratings
  • 8 hold ratings
  • 0 sell ratings
Ratings as of
9/1/2023
  • 0 strong buy ratings
  • 9 buy ratings
  • 8 hold ratings
  • 0 sell ratings
Ratings as of
10/31/2023
  • 0 strong buy ratings
  • 9 buy ratings
  • 8 hold ratings
  • 0 sell ratings
Ratings as of
11/30/2023

Latest Recommendations

  • 0 strong buy ratings
  • 9 buy ratings
  • 8 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
11/9/2023JMP SecuritiesBoost TargetMarket Outperform ➝ Market Outperform$33.00 ➝ $35.00Low
11/9/2023WedbushBoost TargetNeutral ➝ Neutral$28.00 ➝ $30.00Low
10/23/2023Moffett NathansonInitiated CoverageMarket Perform$30.00Low
10/16/2023Robert W. BairdInitiated CoverageOutperform$31.00Low
10/16/2023OppenheimerInitiated CoverageOutperform$36.00Low
10/16/2023Stifel NicolausInitiated CoverageBuy$48.00Low
10/16/2023Piper SandlerInitiated CoverageOverweight$36.00Low
10/16/2023WedbushInitiated CoverageNeutral$28.00Low
10/16/2023The Goldman Sachs GroupInitiated CoverageBuy$48.00Low
10/16/2023JMP SecuritiesInitiated CoverageOutperform$33.00Low
10/16/2023JPMorgan Chase & Co.Initiated CoverageOverweight$33.00Low
10/16/2023BarclaysInitiated CoverageOverweight$40.00Low
10/16/2023Bank of AmericaInitiated CoverageNeutral$30.00Low
10/16/2023CitigroupInitiated CoverageBuy$34.00Low
10/4/2023Sanford C. BernsteinInitiated CoverageMarket Perform$30.00Low
10/2/2023Gordon HaskettInitiated CoverageHoldLow
9/24/2023Wolfe ResearchInitiated CoveragePeer PerformLow
9/22/2023BTIG ResearchInitiated CoverageNeutralLow
9/19/2023Needham & Company LLCInitiated CoverageHoldLow
(Data available from 11/30/2018 forward)

News Sentiment Rating

0.60 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/4/2023
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/3/2023
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/3/2023
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/2/2023
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/1/2023
  • 4 very positive mentions
  • 33 positive mentions
  • 8 negative mentions
  • 0 very negative mentions
Mentions as of
10/1/2023
  • 12 very positive mentions
  • 21 positive mentions
  • 3 negative mentions
  • 1 very negative mentions
Mentions as of
10/31/2023
  • 12 very positive mentions
  • 18 positive mentions
  • 3 negative mentions
  • 3 very negative mentions
Mentions as of
11/30/2023

Current Sentiment

  • 12 very positive mentions
  • 18 positive mentions
  • 3 negative mentions
  • 3 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Instacart (Maplebear Inc.) logo
Maplebear Inc., doing business as Instacart, provides online grocery shopping services to households in North America. It sells and delivers 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 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.
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Today's Range

Now: $24.19
Low: $24.11
High: $25.86

50 Day Range

MA: $26.20
Low: $24.43
High: $30.65

52 Week Range

Now: $24.19
Low: $23.36
High: $42.95

Volume

2,158,156 shs

Average Volume

2,252,121 shs

Market Capitalization

$6.78 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Instacart (Maplebear Inc.)?

The following Wall Street sell-side analysts have issued reports on Instacart (Maplebear Inc.) in the last twelve months: Bank of America Co., Barclays PLC, BTIG Research, Citigroup Inc., Gordon Haskett, JMP Securities, JPMorgan Chase & Co., Moffett Nathanson, Needham & Company LLC, Oppenheimer Holdings Inc., Piper Sandler, Robert W. Baird, Sanford C. Bernstein, Stifel Nicolaus, The Goldman Sachs Group, Inc., Wedbush, and Wolfe Research.
View the latest analyst ratings for CART.

What is the current price target for Instacart (Maplebear Inc.)?

13 Wall Street analysts have set twelve-month price targets for Instacart (Maplebear Inc.) in the last year. Their average twelve-month price target is $35.46, suggesting a possible upside of 46.6%. The Goldman Sachs Group, Inc. has the highest price target set, predicting CART will reach $48.00 in the next twelve months. Wedbush has the lowest price target set, forecasting a price of $30.00 for Instacart (Maplebear Inc.) in the next year.
View the latest price targets for CART.

What is the current consensus analyst rating for Instacart (Maplebear Inc.)?

Instacart (Maplebear Inc.) currently has 8 hold ratings and 9 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for CART.

What other companies compete with Instacart (Maplebear Inc.)?

Other companies that are similar to Instacart (Maplebear Inc.) include WEX, Concentrix, TriNet Group, Shift4 Payments and Maximus. Learn More about companies similar to Instacart (Maplebear Inc.).

How do I contact Instacart (Maplebear Inc.)'s investor relations team?

Instacart (Maplebear Inc.)'s physical mailing address is 50 Beale St, Suite 600, San Francisco, CA 94105, United States. The company's listed phone number is 888-246-7822. The official website for Instacart (Maplebear Inc.) is www.instacart.com. Learn More about contacing Instacart (Maplebear Inc.) investor relations.