Maplebear CART underwent analysis by 16 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 10 | 5 | 0 | 0 |
| Last 30D | 0 | 6 | 2 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 0 | 2 | 2 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $50.19, with a high estimate of $60.00 and a low estimate of $41.00. This current average reflects an increase of 7.94% from the previous average price target of $46.50.
Breaking Down Analyst Ratings: A Detailed Examination
An in-depth analysis of recent analyst actions unveils how financial experts perceive Maplebear. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Andrew Boone | JMP Securities | Raises | Market Outperform | $51.00 | $42.00 |
| Thomas Champion | Piper Sandler | Raises | Overweight | $58.00 | $50.00 |
| Ross Sandler | Barclays | Raises | Overweight | $56.00 | $48.00 |
| Doug Anmuth | JP Morgan | Raises | Overweight | $52.00 | $47.00 |
| Jason Helfstein | Oppenheimer | Raises | Outperform | $60.00 | $55.00 |
| Justin Post | B of A Securities | Raises | Neutral | $51.00 | $50.00 |
| Brian Pitz | BMO Capital | Raises | Market Perform | $48.00 | $39.00 |
| Colin Sebastian | Baird | Raises | Outperform | $51.00 | $44.00 |
| Jason Helfstein | Oppenheimer | Raises | Outperform | $55.00 | $48.00 |
| Mark Kelley | Stifel | Raises | Buy | $55.00 | $52.00 |
| John Colantuoni | Jefferies | Announces | Hold | $45.00 | - |
| Deepak Mathivanan | Cantor Fitzgerald | Maintains | Overweight | $45.00 | $45.00 |
| Justin Post | B of A Securities | Raises | Neutral | $45.00 | $41.00 |
| Brian Nowak | Morgan Stanley | Lowers | Equal-Weight | $41.00 | $45.00 |
| Deepak Mathivanan | Cantor Fitzgerald | Maintains | Overweight | $45.00 | $45.00 |
| Deepak Mathivanan | Cantor Fitzgerald | Announces | Overweight | $45.00 | - |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Maplebear. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Maplebear compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
For valuable insights into Maplebear's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Maplebear analyst ratings.
Unveiling the Story Behind Maplebear
Maplebear (Instacart) operates a leading grocery delivery platform in the United States and Canada. The firm partners with various regional and national grocers, which offer their selection of food and other goods to customers through Instacart's ubiquitous platform. Once an item is ordered through Instacart's site, the item is picked and delivered to the customer's home by one of the platform's 600,000 shoppers, who are classified as independent contractors. Instacart earns fees based on average order value and leverages its platform's high usage to sell advertising, mainly to consumer-packaged goods companies. Instacart currently has nearly 8 million monthly active users (or orderers) on its platform.
Maplebear's Financial Performance
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Maplebear's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 14.94%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Staples sector.
Net Margin: Maplebear's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 7.05%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 1.88%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Maplebear's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.43% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Maplebear's debt-to-equity ratio is below the industry average. With a ratio of 0.01, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyst Ratings: Simplified
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
