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Maplebear (CART) Stock Forecast & Price Target

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$42.84 +1.26 (+3.03%)
(As of 01:00 PM ET)

Maplebear - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
12
Buy
13

Based on 25 Wall Street analysts who have issued ratings for Maplebear in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 25 analysts, 12 have given a hold rating, and 13 have given a buy rating for CART.

Consensus Price Target

$47.29
10.38% Upside
According to the 25 analysts' twelve-month price targets for Maplebear, the average price target is $47.29. The highest price target for CART is $60.00, while the lowest price target for CART is $32.00. The average price target represents a forecasted upside of 10.38% from the current price of $42.84.
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CART Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24
1 Month Ago
10/23/23 to 10/22/24
3 Months Ago
8/24/23 to 8/23/24
1 Year Ago
11/22/22 to 11/22/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
13 Buy rating(s)
13 Buy rating(s)
13 Buy rating(s)
9 Buy rating(s)
Hold
12 Hold rating(s)
12 Hold rating(s)
11 Hold rating(s)
8 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$47.29$43.10$42.70$35.46
Forecasted Upside10.38% Upside-2.01% Downside19.94% Upside41.51% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

CART Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CART Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Maplebear Stock vs. The Competition

TypeMaplebearRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.52
2.51
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside13.72% Upside30.48% Upside9.83% Upside
News Sentiment Rating
Positive News

See Recent CART News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/14/2024Macquarie
2 of 5 stars
 Boost TargetOutperform ➝ Outperform$50.00 ➝ $52.00+22.18%
11/13/2024Piper Sandler
2 of 5 stars
 Boost TargetOverweight ➝ Overweight$50.00 ➝ $58.00+38.66%
11/13/2024JMP Securities
2 of 5 stars
 Boost TargetMarket Outperform ➝ Market Outperform$42.00 ➝ $51.00+21.92%
11/13/2024Barclays
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 Boost TargetOverweight ➝ Overweight$48.00 ➝ $56.00+32.58%
11/13/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$55.00 ➝ $60.00+39.24%
11/13/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$47.00 ➝ $52.00+20.68%
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11/13/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$39.00 ➝ $48.00-0.70%
11/13/2024Bank of America
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 Boost TargetNeutral ➝ Neutral$50.00 ➝ $51.00+5.50%
11/13/2024Needham & Company LLC
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 Reiterated RatingHold
11/13/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$44.00 ➝ $51.00+5.50%
10/28/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$52.00 ➝ $55.00+22.63%
10/16/2024Jefferies Financial Group
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 Initiated CoverageHold$43.00
10/7/2024Cantor Fitzgerald
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D. Mathivanan
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Reiterated RatingOverweight ➝ Overweight$45.00 ➝ $45.00+6.13%
9/24/2024Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$45.00 ➝ $41.00+1.94%
9/24/2024Raymond James
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 Initiated CoverageMarket Perform
8/8/2024Citigroup
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 Boost TargetBuy ➝ Buy$44.00 ➝ $47.00+46.78%
8/7/2024Benchmark
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 Reiterated RatingHold
8/7/2024Wedbush
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 Boost TargetNeutral ➝ Neutral$35.00 ➝ $38.00+16.67%
7/16/2024Wolfe Research
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S. Khajuria
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Initiated CoveragePeer Perform
7/11/2024KeyCorp
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 Initiated CoverageSector Weight
6/5/2024Gordon Haskett
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 UpgradeHold ➝ Buy$37.00 ➝ $45.00+49.35%
5/16/2024Loop Capital
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 Boost TargetBuy ➝ Buy$46.00 ➝ $49.00+44.97%
4/11/2024Moffett Nathanson
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 Reiterated RatingNeutral ➝ Neutral$36.00 ➝ $37.00-3.62%
4/1/2024Fox Advisors
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 DowngradeOverweight ➝ Equal Weight
3/14/2024Sanford C. Bernstein
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 UpgradeMarket Perform ➝ Outperform$30.00 ➝ $43.00+21.64%
10/16/2023The Goldman Sachs Group
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 Initiated CoverageBuy$48.00+87.72%
9/22/2023BTIG Research
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 Initiated CoverageNeutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 01:23 PM ET.


CART Forecast - Frequently Asked Questions

According to the research reports of 25 Wall Street equities research analysts, the average twelve-month stock price forecast for Maplebear is $47.29, with a high forecast of $60.00 and a low forecast of $32.00.

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Maplebear in the last year. There are currently 12 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CART shares.

According to analysts, Maplebear's stock has a predicted upside of 10.38% based on their 12-month stock forecasts.

Analysts like Maplebear more than other "retail/wholesale" companies. The consensus rating score for Maplebear is 2.52 while the average consensus rating score for "retail/wholesale" companies is 2.51. Learn more on how CART compares to other companies.


This page (NASDAQ:CART) was last updated on 11/21/2024 by MarketBeat.com Staff
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