Wells Fargo & Company Cuts Maplebear (NASDAQ:CART) Price Target to $43.00

Maplebear (NASDAQ:CART) had its price objective trimmed by Wells Fargo & Company from $47.00 to $43.00 in a report released on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research firms have also recently issued reports on CART. Argus began coverage on shares of Maplebear in a research note on Wednesday, January 7th. They set a “buy” rating and a $52.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Maplebear in a research report on Monday, December 29th. JPMorgan Chase & Co. cut their target price on shares of Maplebear from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Benchmark lowered their price target on Maplebear from $60.00 to $53.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Finally, BMO Capital Markets upgraded Maplebear from a “market perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a research note on Tuesday, November 11th. Fifteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $51.38.

Maplebear Price Performance

CART stock opened at $36.30 on Friday. The stock has a market capitalization of $9.53 billion, a P/E ratio of 22.83, a P/E/G ratio of 0.94 and a beta of 1.00. Maplebear has a 1-year low of $32.73 and a 1-year high of $53.50. The business has a fifty day moving average price of $41.19 and a 200-day moving average price of $41.78.

Insider Buying and Selling

In other news, General Counsel Morgan Fong sold 4,914 shares of Maplebear stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $45.21, for a total transaction of $222,161.94. Following the transaction, the general counsel directly owned 404,940 shares of the company’s stock, valued at $18,307,337.40. The trade was a 1.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 26.00% of the company’s stock.

Institutional Investors Weigh In On Maplebear

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Viking Global Investors LP bought a new position in shares of Maplebear during the second quarter worth $169,782,000. William Blair Investment Management LLC purchased a new stake in Maplebear in the 2nd quarter worth $151,364,000. Marshall Wace LLP bought a new position in shares of Maplebear during the 4th quarter valued at about $126,206,000. Holocene Advisors LP bought a new position in shares of Maplebear during the 3rd quarter valued at about $90,167,000. Finally, Norges Bank purchased a new position in shares of Maplebear during the fourth quarter valued at about $97,221,000. 63.09% of the stock is owned by hedge funds and other institutional investors.

More Maplebear News

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: Company outlook and volume trends lifted investor sentiment — management flagged continued GTV and engagement momentum and issued upbeat guidance that helped ease competition concerns, a major reason for the bullish move. Instacart shares soar as upbeat forecast tempers competition fears
• Positive Sentiment: Analyst support: Needham raised its price target to $55 and maintained a Buy, signaling upside for investors who focus on Street revisions. Needham raises price target to $55
• Positive Sentiment: Unusually large call‑option flow — traders bought ~27,162 calls (≈247% above average), indicating bullish speculation or hedging that can amplify intraday upside and liquidity.
• Neutral Sentiment: Revenue growth was solid (revenue ~ $992M, +12% YoY and roughly in line/above estimates) even as profits and EPS showed pressure; mixed fundamental signal that could support longer‑term recovery if margins stabilize. Maplebear Q4 earnings report
• Negative Sentiment: EPS and profitability disappointed: GAAP EPS and net income declined year‑over‑year (EPS missed consensus), highlighting margin pressure despite higher revenue — a near‑term headwind for valuation. Quiver: Stock Rises on Q4 2025 Earnings
• Negative Sentiment: Wells Fargo trimmed its price target (to $43) and moved to an equal‑weight stance, reducing near‑term Street support and contributing to volatility. Wells Fargo lowers price target to $43
• Negative Sentiment: Analyst downgrade(s) pushed the stock to a new 12‑month low in some sessions and insider selling activity noted by data providers may add to negative sentiment for cautious investors. Maplebear Hits New 12-Month Low After Analyst Downgrade

About Maplebear

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.