Maplebear Inc. (CART)
NASDAQ: CART · Real-Time Price · USD
41.58
-1.20 (-2.81%)
At close: Nov 20, 2024, 4:00 PM
41.40
-0.18 (-0.43%)
After-hours: Nov 20, 2024, 7:39 PM EST
Instacart Stock Forecast
Stock Price Forecast
The 19 analysts with 12-month price forecasts for Instacart stock have an average target of 48.63, with a low estimate of 37 and a high estimate of 60. The average target predicts an increase of 16.96% from the current stock price of 41.58.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Instacart stock from 24 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 4 | 4 |
| Buy | 10 | 10 | 10 | 10 | 9 | 9 |
| Hold | 8 | 10 | 10 | 10 | 11 | 11 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 23 | 25 | 25 | 25 | 24 | 24 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Macquarie | Macquarie | Buy Maintains $50 → $52 | Buy | Maintains | $50 → $52 | +25.06% | Nov 14, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $55 → $60 | Buy | Maintains | $55 → $60 | +44.30% | Nov 13, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $42 → $51 | Buy | Maintains | $42 → $51 | +22.66% | Nov 13, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $50 → $58 | Buy | Maintains | $50 → $58 | +39.49% | Nov 13, 2024 |
| Barclays | Barclays | Buy Maintains $48 → $56 | Buy | Maintains | $48 → $56 | +34.68% | Nov 13, 2024 |
Financial Forecast
Revenue This Year
3.44B
from 3.04B
Increased by 13.18%
Revenue Next Year
3.75B
from 3.44B
Increased by 8.95%
EPS This Year
1.17
from -12.43
EPS Next Year
1.36
from 1.17
Increased by 16.26%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.6B | 4.0B | 4.5B | ||
| Avg | 3.4B | 3.8B | 4.1B | ||
| Low | 3.3B | 3.4B | 3.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 18.0% | 17.0% | 19.5% | ||
| Avg | 13.2% | 8.9% | 8.6% | ||
| Low | 6.9% | -0.3% | -1.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.34 | 1.94 | 2.89 |
| Avg | 1.17 | 1.36 | 1.78 |
| Low | 0.84 | 0.91 | 1.08 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 65.7% | 111.8% |
| Avg | - | 16.3% | 30.6% |
| Low | - | -22.3% | -20.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.