Maplebear Inc. (CART)
NASDAQ: CART · IEX Real-Time Price · USD
35.00
0.00 (0.00%)
At close: Jul 19, 2024, 4:00 PM
35.11
+0.11 (0.31%)
Pre-market: Jul 22, 2024, 7:00 AM EDT
Instacart Stock Forecast
Stock Price Forecast
The 20 analysts with 12-month price forecasts for Instacart stock have an average target of 41.45, with a low estimate of 26 and a high estimate of 49. The average target predicts an increase of 18.43% from the current stock price of 35.00.
Analyst Consensus: Buy
* Price targets were last updated on Jun 5, 2024.
Analyst Ratings
The average analyst rating for Instacart stock from 25 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 5 | 4 | 5 | 5 |
| Buy | 5 | 8 | 10 | 10 | 10 | 10 |
| Hold | 7 | 6 | 7 | 8 | 8 | 10 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 16 | 18 | 22 | 22 | 23 | 25 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wolfe Research | Wolfe Research | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Jul 16, 2024 |
| Keybanc | Keybanc | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Jul 11, 2024 |
| Gordon Haskett | Gordon Haskett | Hold → Strong Buy Upgrades $45 | Hold → Strong Buy | Upgrades | $45 | +28.57% | Jun 5, 2024 |
| Loop Capital | Loop Capital | Strong Buy Maintains $46 → $49 | Strong Buy | Maintains | $46 → $49 | +40.00% | May 16, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $35 → $42 | Buy | Maintains | $35 → $42 | +20.00% | May 9, 2024 |
Financial Forecast
Revenue This Year
3.41B
from 3.04B
Increased by 12.10%
Revenue Next Year
3.71B
from 3.41B
Increased by 8.77%
EPS This Year
1.07
from -12.43
EPS Next Year
1.26
from 1.07
Increased by 18.52%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.6B | 4.0B | 4.6B | 4.5B | 5.0B |
| Avg | 3.4B | 3.7B | 4.0B | 4.2B | 4.4B |
| Low | 3.2B | 3.4B | 3.6B | 3.8B | 3.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 18.5% | 17.6% | 22.7% | 12.4% | 19.7% |
| Avg | 12.1% | 8.8% | 8.7% | 3.2% | 6.4% |
| Low | 4.6% | -0.1% | -2.6% | -6.2% | -5.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.62 | 2.31 | 2.39 |
| Avg | 1.07 | 1.26 | 1.55 |
| Low | 0.58 | 0.67 | 0.95 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 116.6% | 89.4% |
| Avg | - | 18.5% | 22.8% |
| Low | - | -37.5% | -24.8% |
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.